Theo, age 52, is overweight, smokes, and had a mild heart attack 5 years ago. Ignoring the advice of his physician, he refuses to exercise, lose weight, and quit smoking. Theo owns a $25,000 participating ordinary life policy that he purchased 20 years ago. A life insurance agent approached Theo and proposed that he replace the older policy with a new life insurance policy. The agent claims the new policy is superior to the older policy that was purchased years ago. Despite Theo's health problems, the agent claims that Theo can get life insurance from his company. What factors should Theo consider before replacing the older policy with a new policy?