i just bought a GE whole life insurance a year ago.
now i'm thinking to change the whole life policy to term policy.
Can i do that? will that be any penalty or anything?
INSURANCE TALK, ok let start
INSURANCE TALK, ok let start
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Jun 27 2012, 09:48 AM
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#1
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Senior Member
1,061 posts Joined: Feb 2008 |
i just bought a GE whole life insurance a year ago.
now i'm thinking to change the whole life policy to term policy. Can i do that? will that be any penalty or anything? |
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Jun 27 2012, 10:23 AM
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#2
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Senior Member
1,061 posts Joined: Feb 2008 |
think of applying Buy term and invest the difference.
can get better result if i park the money in fd/bond fund/reits rather than paying high premiums since the payout for whole life n term is same,thus same protection |
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