Q. I already have a $500K Term life policy from an insurance company, I want to add more coverage. What's the best way to do it?
A. When you already have a life insurance policy in force, if you want to add more coverage, you will need to reapply and the insurer will treat it as a new application, even you already have a policy from them in the past.
In this case, you can shop around and see what is the best offer in the market today.
A. When you already have a life insurance policy in force, if you want to add more coverage, you will need to reapply and the insurer will treat it as a new application, even you already have a policy from them in the past.
In this case, you can shop around and see what is the best offer in the market today.
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