Two Ways to Get Fast, Free Life Insurance Quotes
Ask the Life Insurance Expert
I want to switch life insurance companies. Will I be penalized?
“Switching” life insurance companies really means you’re going to terminate your existing policy and buy a new one. You can’t switch an existing policy to a new insurer.
Switching might result in a higher rate. When you buy a new policy, it will be priced based on your current age and health. But if the new policy happens to be cheaper, you’re better off.