I copied and pasted this from an article sent to me. thought it may be of help.

If your agent recommends a term policy, ask:

• How long can I keep this policy? If I want the option to renew the policy for a specific number of years or until a certain age, what are the terms of renewal?

• When will my premiums increase? Annually? Or after a longer period of time, such as five or ten years?

• Can I convert to a permanent policy? Will I need a medical exam when I convert?

If your agent recommends a permanent policy, ask:

• Are the premiums within my budget?

• Can I commit to these premiums over the long term?

• How much will I receive if I surrender the policy?
Keep in mind that permanent insurance provides protection for your entire life. If you don’t plan to keep the policy for many years, consider another type. Cashing in a permanent policy after only a few years can be a costly way to get short-term insurance protection.


Regards,

Naoshad.

P.S. I am shameless and looking for clients, I can be contacted at No obligation, valuable advice.

In the above post I forgot, how can I use this policy while I am alive to maximize my economic value. How can I benefit from this policy without cancelling it?

These are the two ey questions that will allow you to accumulate and create wealth during your life time and for the next generation.