What should I do if my agent recommended me a better whole life plan than the one I am currently holding?

There are too many factors involved for you to determine that one is better by price. A 5 year old could do that.

You used the word 'change' which suggests that you already bought one. This also means that surrendering one will have a cost to you. As mentioned below, plans will likely get better over time.

Make sure it's an apple to apple comparison. If there's a premium difference, you should figure out why and the agents will likely tell you (they have different positioning).

Frankly, products will only get “better” as time passes. Do know that your previous decision was the best decision at that time. We can’t possibly be changing always, can we?

Factors you may want to consider that may help you in your decision:

• How long have you had your initial plan?
• Does your policy comes with cash value?
• Is that Critical Illness coverage important to you?
• What are the stages of CI does the new proposed plan cover?
• What are the claim process for both companies if any misfortune occur? The ease?

A $1000 savings from the switch is attractive especially when a stand alone CI coverage policy will usually cost more. The savings can also be used for other plannings which you have been trying to start.