Death Benefits Clerk Interview Question:

Tell us is it advisable to replace the policy with another policy?

Submitted by: Muhammad

If it is not a long duration that you have bought the policy, then you can replace the policy. But in other case it is not advisable as you will lose all the benefits of the previous policy also the premium will go high as you go older. Also, the two-year period of contestability will also begin again.
Submitted by: Muhammad