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Guys, like I mentioned before, Im not insurance expert and maybr it was mistake not to do more research when I was shoping for one. I just looked into my paper work and my policy is called l:
Flexible Premium Adjustable Life Insurance, Term UL 30 Year.
So what that really means? Im sure that when I was purchasing it insurance rep told me that premiums are guaranteed for entire 30 years ...
Will this policy cover you in the amount and time period you need? If yes, I would keep it. If not I would start shopping it out. I would wager, the agent trying to talk you into replacing the Genworth policy has not covered the two year contestable period with you.
Am I understanding you correctly that these guys wrote the Genworth policy originally?