With respect to everyone's personal opinion and experience, another alternative is "Kopr-shield".
Its a conductive contact grease sold by Eastwood. Since it's conductive, you don't want to use it anyplace where two connectors might short out (i.e., when rebuilding a switch)
I recently had a TR6 customer who was having all sorts of electrical demons with a brand new wiring harness. After tracing 3 problems to connectors, we pulled all the connectors and greased 'em. No complaints since.
We are located in a humid, dirty urban environment though - bad for electrical connections.
Where kopr-shield is't practical, I use silicone grease in moderation. Seems to keep surface corrosion at bay, and keeps bullet connectors from getting "stuck".
Just confusing the answer with another alternative. 8)
Glad to be of service!!!!!