Mortgage Term Insurance Policy Changes

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If I quit smoking after my policy is issued, can I get a new rate?

Mortgage Term Insurance Policy Changes

After you've had your Mortgage Term Insurance policy for a few years, you're bound to have gone through some changes. Luckily, no matter how much worse your health might get, once you're approved—as long as you continuously pay your premium—the policy cannot be taken away from you. But what if your health improves after you've had the policy for a long period of time?

If you change your lifestyle by losing weight, quitting smoking, or lowering your blood pressure for 24 or more months, then you may be able to get a Mortgage Term Insurance premium reduction. Simply supply your Mortgage Term Insurance company with a note from your physician that explains how you've changed your habits and what effect these changes have had on your health. There's no guarantee that the underwriter will agree, but in many cases, they do.



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