T-Mobile Jump Program Lets Customers Upgrade More Often

T-Mobile, which recently rebranded itself as the "uncarrier" among U.S. wireless companies because of its abolishing of traditional two-year contracts, on Wednesday announced a new program called Jump to give customers on its network more freedom to upgrade their phones.

Customers will be able to upgrade phones twice a year, with the first upgrade coming in no earlier than six months. Jump costs $10 a month and includes insurance for the phone. Customers will be required to trade in their old phone.

The Jump program begins July 14. A customer on the program will be able to trade in their phone as long as it is in "good working condition" and any remaining payments on that device will be eliminated. The customer can then buy the new phone with the same device financing T-Mobile offers to new customers.