Can I Switch Life Insurance Companies? 
Yes , you can switch life insurance companies by the process of replacement , or by dropping your old policy and purchasing a new one . If you have permanent insurance with cash value , the replacement will involve a 1035 exchange to get the cash from one policy to another . Keep in mind that when you do a replacement or get a new policy , all policy provisions , surrender charges , etc start over again . The switch is not simply switching companies . Discuss it with the agent for your old company before making your decision . 