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	<title>New answer on: When To Cancel Term Life Insurance?</title>

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		<title>By: Peggy Mace</title>

		<link>https://insurancelibrary.com/life-insurance/when-to-cancel-term-life-insurance</link>

		<dc:creator>Peggy Mace</dc:creator>

		<pubDate>Wed, 10 Dec 2014 15:18:27 +0000</pubDate>

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		<description><![CDATA[Think carefully before you cancel Term life insurance, because rarely can you purchase a new Term policy that costs the same or less than the one you already have. E.g If you drop a 30 year term policy at year 20 and get a new 10 year policy, you would probably pay more for the 10 year policy than if you continued paying on your 30 year term for the last 10 years. Only cancel your existing term insurance if you are sure you no longer need it.]]></description>

		

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		<title>By: Chris Abrams</title>

		<link>https://insurancelibrary.com/life-insurance/when-to-cancel-term-life-insurance</link>

		<dc:creator>Chris Abrams</dc:creator>

		<pubDate>Thu, 15 Aug 2013 16:50:10 +0000</pubDate>

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		<description><![CDATA[Term insurance can be canceled at any time, usually without penalty, and with a refund of any unused premium.  Insurance is no longer needed when no financial hardship would occur if the insured passes.  If the insurance was used to cover a mortgage and the house was paid off, then it may not be needed any more.  Another reason to cancel term insurance would be if a better policy (maybe a permanent policy) was purchased.  It is a good idea to discuss your individual situation with a professional insurance advisor who can help you with your insurance planning and strategy.]]></description>

		

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