I just read the thread about the father looking for info on what to do with a whole life policy he has on his son. I have had a similar question running thru my mind for a couple years.
I've had 2 whole life policies, one for about 25 years and one for about 20. Both have riders with some term coverage built in, which I am thinking of canceling. (The term riders, not the whole life part.) When I've approached the carrier to make this change, I've had 2 different sales reps tell me I should cancel everything and buy 1 new term policy. (The original person who sold them to me was a tru
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I've had 2 whole life policies, one for about 25 years and one for about 20. Both have riders with some term coverage built in, which I am thinking of canceling. (The term riders, not the whole life part.) When I've approached the carrier to make this change, I've had 2 different sales reps tell me I should cancel everything and buy 1 new term policy. (The original person who sold them to me was a tru
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