California Life Insurance Quotes

When looking at replacing or changing your California life insurance policy, it is best to be prepared with a good understanding of your current policy and the new proposed policy.  It is also important to know the company and the representative, you should be sure that the agent has your best interests in mind and advises you based on an analysis of your needs.  The agent is required, as part of the California Insurance Code of Regulations, to indicate whether they know if there is a replacement involved when obtaining a new policy.  There are some important facts to consider when replacing or changing your California life insurance, such as, you may have to pay “start up” costs again as well as higher premiums because you are older than when you purchased your original policy.  You may also want to consider the contestable period for the new policy, the financial strength of the new insurance company, the tax consequences and the loan provisions of the new policy.  You may want to take a look at your current California life insurance policy as you could be able to make changes or purchase a newer product with same insurance company.
A full assessment of your personal circumstances is necessary to decide if it’s appropriate to replace or change your California life insurance policy.  Your California life insurance agent is your best resource for making this type of assessment, they can analyze your insurance needs, answer insurance related questions and help determine your goals.  Agents must be licensed by the state, and may represent a number of companies.
Another resource for assistance or further information is the California Department of Insurance (CDI), their toll-free Hotline telephone number is 1-800-927-4357 and their website is www.insurance.ca.gov