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My agent suggested switching term every couple of years to take advantage of a company’s promotional rates. What are some of the things I should consider?

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My agent suggested switching term every couple of years to take advantage of a company’s promotional rates. What are some of the things I should consider?

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As mentioned above, you might be might be able to find rates today that are low enough to justify replacing a term policy you bought. However, if you try to do this repeatedly, you will soon find that the effect of increasing age begins to offset any competitive savings.

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