How
do I switch my life insurance policy?
It
depends if you want to switch life insurance companies or only switch plans
with your current life insurance carrier.
To
change a life insurance company you should shop for different life insurance
coverage first to find out what coverage you want to replace your existing plan
with.
Cancel
the old life insurance coverage to collect any cash value from old life
insurance policy. It is never advisable to surrender a life insurance policy
until another policy is in force.
To
convert one life insurance policy into a new plan advise your life insurance
company that you want to convert your policy.
If
you have a term life insurance policy and want to convert it to a permanent
life insurance policy just tell your life insurance agent. You may convert term
life to permanent life insurance.