What if I decide I want more or less coverage in a year or two?
If you want to lower your life insurance coverage, please let us know, and we can assist you in completing a policy change form and submitting it to your insurer. Coverage can be increased as well, but an increase in coverage generally requires a re-evaluation of a policyholder's insurability (including a medical exam).
An alternative to adjusting the amount of coverage you hold is to discontinue your existing coverage and purchase a new policy (but not in that order). Since market rates are always fluctuating (and your insurability may be, as well) let us know when you're ready to shop the market. We'll find you the most affordable life insurance rates available, guaranteed.
Owners of cash value life insurance may be torn between looking for cheaper rates (you should review the market yearly, since rates have been trending downward) and maintaining their current policy's cash value. However, there is no reason to hold on to an outdated, overpriced policy because you can transfer your existing cash value into a new cash value policy, without subjecting it to income taxes, and without it being treated as a premium (which is good, since it won't impair your ability to abide by federal premium restrictions).
