Replacement (Life Insurance)

Swapping an existing life policy for a new one. It’s tightly regulated because it can hurt the customer — restarting contestability and surrender charges — so disclosures are required.

This is a friendly general explanation, not legal or policy language. Exact coverage depends on your policy, carrier, and state. 🤝

Written and reviewed by the We Insure Things team — licensed independent insurance agents. Last reviewed July 23, 2026. Questions? Ask a licensed agent.