My Agent Suggested Switching Term Every Couple Of Years To Take Advantage Of A Company’s Promotional Rates. What Are Some Of The Things I Should Consider?
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UPDATED: Jul 15, 2021
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As mentioned above, you might be might be able to find rates today that are low enough to justify replacing a term policy you bought. However, if you try to do this repeatedly, you will soon find that the effect of increasing age begins to offset any competitive savings.