Comments on: Save Money on your Life Insurance… Big Money http://wheredoesallmymoneygo.com/save-money-on-your-life-insurance-big-money/ A personal finance blog written by Preet Banerjee Wed, 08 Sep 2010 22:54:22 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Denise http://wheredoesallmymoneygo.com/save-money-on-your-life-insurance-big-money/#comment-11 Denise Thu, 16 Apr 2009 09:29:54 +0000 http://symbiantcapital.com/2007/08/03/save-money-on-your-life-insurance-big-money/#comment-11 Shopping around for a more affordable term life policy is always a good idea, especially if you bought your policy more than a few years ago. However, be careful. Before replacing an existing term life insurance policy make sure you closely compare your existing term life insurance policy with the one you’re thinking of replacing it with. Keep in mind the following key points – price, guarantee periods, convertibility, applicable riders, if available and finally the financial strength of the new insurance company. When you buy a new term life insurance policy, a new contestability period starts (usually for the first two years). You should also be aware that suicide is not covered under a new contract (usually for the first two years). Most importantly, DO NOT CANCEL any existing coverage until the new <a href="http://www.accuquote.com/term-life-insurance-101.cfm" rel="nofollow">term life</a> insurance policy has been approved, paid for, and delivered to you. Before an existing policy is replaced, it should always be clearly determined that such a decision is in your best interest. Denise at AccuQuote http://www.accuquote.com/ Shopping around for a more affordable term life policy is always a good idea, especially if you bought your policy more than a few years ago. However, be careful. Before replacing an existing term life insurance policy make sure you closely compare your existing term life insurance policy with the one you’re thinking of replacing it with. Keep in mind the following key points – price, guarantee periods, convertibility, applicable riders, if available and finally the financial strength of the new insurance company. When you buy a new term life insurance policy, a new contestability period starts (usually for the first two years). You should also be aware that suicide is not covered under a new contract (usually for the first two years). Most importantly, DO NOT CANCEL any existing coverage until the new term life insurance policy has been approved, paid for, and delivered to you. Before an existing policy is replaced, it should always be clearly determined that such a decision is in your best interest.

Denise at AccuQuote
http://www.accuquote.com/

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