Life Insurance, Term Life Insurance, Financial Planning, Life Insurance Quote, Life Insurance Company

kotak life insurance policy status

Does it make sense to replace a life insurance policy?

If you already own an insurance policy, you should think twice before you replace it. Why? In many situations, it may not be to your advantage to do so.

When it comes to the question of dropping an in-force policy, there are many factors you need to consider:

• If your health status has changed over the years, you may no longer be insurable at standard rates.


• Your present policy usually will have a lower premium rate than is required on a new policy of the same type (if for no other reason than you have grown older). You will have paid acquisition costs on two policies, although you will end up owning only one.


• Even if both your present and proposed policies pay "dividends," it may be years before the new policy's divi... http://go-travel.ucoz.com/news/kotak_life_insurance_policy_status/2013-05-29-2683