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Gems of Consumer Wisdom
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  Switch Life Insurance And Save  

Should You Switch Life Insurance?
Here's what consumers need to know:
1. Savings can be significant. If you bought term life insurance years ago and your health hasn't significantly declined, you can probably save money by switching policies (perhaps as much as 60%.) This is due to the increasing lifespans of Americans.
2. Contestability Period. Within this period (usually the first two years of your life insurance policy) the insurance company can investigate the statements you made on your application, and can legally refuse to pay the death benefit if there are relevant inaccuracies or omissions.
3. About your old policy. Always make sure your new policy is in effect before canceling the old one.

(Next Gem: Major Causes Of Injuries)

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