| | What has changed that requires a change in your policy.
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Your dependents could lose out on the money they need to cover expenses if you are not up-front with the insurance company.
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The better option is to keep the old policy without making any changes and purchase a new whole-life policy instead.
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You want to make sure you pick a strong company that is going to be around in 50 years to actually support your family when you finally do pass away and they need to collect on your life insurance.
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If the policy is not portable, you are not going to be able to transfer the policy when you leave the company.
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Hopefully the tips provided in this article will be more than useful for you.
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Have enough to cover a memorial service and disposal of your remains, plus perhaps execution of your will.
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Stay away from guaranteed issue life insurance policies.
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You can also get real details that are coming from the policy provider themselves.
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