shopify analytics ecommerce
tracking

Convert Term Life Insurance
To Permanent Life Insurance

A few years ago you purchased your term life insurance policy. You pay a very inexpensive premium.

You have enjoyed the security that this policy afforded you over the years.

You have recently discovered that a hereditary disease will likely rear its ugly head.

Even though your youngest is close to graduation you will still need your life insurance policy as you want to protect your mate in case you should die suddenly.

Converting Term Life Insurance

You could try to buy some more term life insurance that would give you a few more years of protection. The problem is that you may not be able to get it because of your recently discovered health problem.

If the company approves a policy you will have to pay considerable more for it. There is only one solution. If your original policy is still within the conversion period allowed by the contract you may want to convert your term policy to a permanent policy.


Shop And Compare Quality Life Insurance Premium Quotes From Carriers Rated A+ Or Better By A.M. Best. Save Up To 70% Save Up To 70%


Here are your options:

  • Universal Life Insurance

    You may elect to convert to a universal life insurance policy. This policy may be a good choice as it is based on term insurance. It is a term policy with a savings element attached.

    You have the choice of deciding how much of your money goes to pay for death benefit and how much goes to savings. The life insurance company cannot deny your decision to convert your policy regardless of what the state of your health is.
  • Variable Universal Life Insurance

    One of the more popular choices is the variable universal life policy which is permanent life insurance based but your extra cash goes into an investment like a mutual fund and the like.

    The beauty about the thing is its flexibility. These policies are sold by prospectus and the agent must possess an N.A.S.D. license in addition to his usual agents license...series 6 or series 7 license.
  • Variable life Insurance

    You can also convert your term insurance policy to variable life insurance. This policy is bases on the whole life policy. It is whole life with an investment attached. I find it a bit costly.

    Your agent also needs a series 6 or series 7 N.A.S.D. license to sell this product. He is required to present you with a prospectus before you proceed with your purchase.
  • Whole Life Insurance

    You can also convert your term policy to a whole life policy, which may be a good deal because it lasts to age 100. You may also find this policy to be a bit pricey.

In either case all you need to do to convert your policy is to get an agent to give you a conversion form, which you complete and you get your policy in a couple of weeks.


Home | Term Life Insurance | Term Life Insurance Conversion

Tools And Resources

Life Insurance Need Calculator

Recent Articles

  1. Term Life Insurance - Everything You Want To Know

    Term life insurance is life insurance in it's simplest form. These policies stay in force for a specific number of years, for example, 5 years 10 years etc.

    Read More

  2. Whole Life Insurance Options - Basic And Alternative Whole Life Plans Explained

    Whole life insurance is the plan of choice for many people. There are many variations to this plan.

    Read More

  3. Universal Life - Extending The Possibilities

    Universal life insurance was designed with the express intention of combatting the venerable whole life insurance policy.

    Read More

  4. Term Insurance Quotes - Prepare Before You Get Quotes

    Are you looking for quality term insurance quotes? Have you determined how much you need? Do you know what type of term insurance is best for you?

    Read More

  5. Term Insurance Online - Buy Term Life Insurance Online

    In many cases it is a good idea to buy term insurance online. Some people know just how much life insurance they want to buy before they get online.

    Read More