Morgan is a 32-year-old nurse. She is in good health and has applied for a new cash value life insurance policy. She is interested in knowing whether she should surrender her current policy and purchase the ew policy offered through a AAA-rated firm. If all of the contract and company characteristics are similar, and the current face alue of her policy is sufficient, should she maintain or replace her current policy? Assume the following factors: Yearly premiums $1900 Cash value at the beginning of the period: $13,456 Projected after-tax rate of return:3.5% Current policy dividend: $350 Death Benefit: $200,000