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What happens if you want to change life insurance companies?
If you switch life insurance providers, you'll face a new two-year contestability period. Switching to a new provider means you will have to pay the upfront fees again. Your current provider is likely able to convert, replace or supplement your existing policy to achieve coverage that meets your needs.
Can I change my existing life insurance policy?
Many providers will let you change the terms of your life insurance once you've already bought it – but not all of them. To find out if your insurance can be amended, take a look at your policy document or contact your insurer.
Can I switch to a different insurance company?
Yes, you can switch companies if you have a loan on your vehicle. If you find a new insurance company with policies that match your auto insurance needs and your budget, it is possible to make the switch.
Can you change your life insurance policy?
Many providers will let you change the terms of your life insurance once you've already bought it – but not all of them. To find out if your insurance can be amended, take a look at your policy document or contact your insurer.
Can I increase my existing term life insurance?
You will have to go through the whole documentation process again, and undergo new medical tests. Given that you'll be older (and might have new health condition), there are chances that your upgrade could be very expensive.