Replacement May Or May Not Be To Your Advantage
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Life Insurance

An Amazing Retirement Vehicle

Should I Replace My Current Policy?


Annuity Owner Mistakes

If you have term insurance....

The cost of life insurance has dropped dramatically in the last few years.  Life insurance companies

seem to be furiously competing with each other for the lowest rates. If you are still in good health

and you have had your policy for a few years, it would certainly be a good idea to compare. 

Give me a call at 408-314-8858 and I will be happy to give you a comparison quote right over the phone from the many companies with which I am licensed.

  What If I Have Whole Life Or Universal Life??

This can depend on various factors.  If you have had your policy only a short time,

replacement probably would not be advised. You may suffer surrender penalties

that would take too long to recoup.  It could be very wise to replace older

universal lifepolicies, especially if you plan to keep the policy for quite awhile

longer.  Here's a true life example: Mr. X has had a universal life policy for

14 years.He is 48 years old. His death benefit is $100,000.He is paying

$60.00 per month intohis policy, and he has a loan of $2,310.  If he continuesthe

policy as it is, based onprojected and guaranteed values, it will lapse in about

13 years. That means it willjust end - no death benefitand no cash value. 

His wife is also on the policyfor a $25,000 benefit.  If he were to change to an

updated universal life policy,WITHOUT PAYING ANY ADDITIONAL PREMIUM,

he could do the following:

1.  Eliminate the loan.

2.  Extend his $100,000 death benefit from 13 years to 35 years. (guaranteed)    

3.  Provide a death benefit of $50,000 for his wife.

4.  Have a projected cash value of $13,000 at age 65 instead of  0.