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	<title>New answer on: Can You Switch Life Insurance Companies?</title>

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		<title>By: Ms. Q. Harvelle</title>

		<link>https://insurancelibrary.com/life-insurance/can-you-switch-life-insurance-companies</link>

		<dc:creator>Ms. Q. Harvelle</dc:creator>

		<pubDate>Wed, 05 Jun 2013 14:36:53 +0000</pubDate>

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		<description><![CDATA[Yes, you can switch life insurance companies through a process called &quot;replacement.&quot; When you replace a life insurance policy, the old policy with the old company is cancelled and a new one is created. Usually if there is any cash value in the old policy, it will be refunded to you in the form of a check. But be careful:

You may be required to go through another &quot;contestable period.&quot; That means the insurance company has a certain amount of time to cancel your policy if certain information is incorrect or misrepresented (usually a 2 year time frame)
Any cash value may be greatly reduced or eliminated due to cancellation/termination fees
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