When Does My Life Insurance Coverage Begin?
We do recommend that you complete a regular review of your policy to ensure that you have adequate coverage in an ever-changing environment. In the event you are considering replacing an existing policy, you must continue coverage until a new policy is approved at a satisfactory premium and placed in force with the insurance company. Important note about replacing an existing policy, the steps you will be required to go through are typically different than other forms of insurance. Be prepared to answer specific questions about your existing policy such as policy number, insurance company, etc. The main reason for the additional screening is for your protection to ensure that you are not being taken advantage of by an insurance agent who is trying to secure a new commission.