Steps
- Never cancel your old policy until the new one is fully approved and in force.
- Compare total cost, coverage, and any new waiting periods.
- Watch for a new contestability period on the replacement policy.
- If you're older or your health changed, the old policy may be worth keeping.
- An independent agent can compare carriers and time the switch safely.
Need help with this? Speak with a licensed agent for a free, no-obligation review of your life insurance policy.
A licensed agent can walk you through every step at no cost. Life Insurance Help Now is independent, so the guidance is about what's best for you.