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Sometimes, the mortgage protection policy you bought a decade ago just doesn't suit your needs any longer. Maybe the death benefit is too high or too low, maybe you've lost weight or become healthier since that time, or maybe you didn't shop around enough and are now stuck with Mortgage Protection Costs that are unreasonable. If this happens to you, you may decide to replace your policy with another. If you do, depending on the state you live in, you may have some additional paperwork to fill out.
In general, because Mortgage Protection Costs rise as you age, replacing policies is often not a good idea. It's harder to get a better deal at a later date, and contestability periods start over again when you buy a new policy, which could put you in a delicate position. Insurance companies and state regulators want to make sure that you understand all the pros and cons of replacement and, in order to do so, they sometimes require you to complete a replacement form.