When contemplating replacing your existing policy with a new provider there are a number of simple steps that you can follow!
Know what your current policy’s benefits are and what you paying for it.
Look at what the new policy’s benefits are and what it will cost you.
Ensure that the new policy does in fact leave you better off than your current one, and of course, you are saving money!
Check what the cancellation notification period is on your current policy i.e. 1 month.
Apply for your new policy.
ONLY once the new policy is in force and you have received written confirmation, do you cancel your current one.
And lastly, please ensure that you will not be paying for two policies.