shopify analytics ecommerce
tracking

Term Life Insurance Conversion

Term 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. Life Insurance Quotes - Policy Provisions And Explanations

    Life insurance hub is a service dedicated to assisting you in understanding life insurance quotes and how to apply them to your personal life insurance needs.

    Read More

  2. 10 Year Life Insurance Policy Proceeds - Optional Choices

    Death proceeds from 10 year life insurance can be in lump sum form or incomr form

    Read More

  3. The 5 Year Term Life Insurance Policy Or Rider

    The 5 year term life insurance policy has been around in insurance circles for a very long time. It can be sold as a policy or as a rider to a permanent life insurance policy.

    Read More

  4. 20 Year Term Insurance Policy - 20 Year Life Insurance

    The 20 year term insurance policy is one of the most sought after life insurance policies.

    Read More

  5. 20 Pay Life Insurance

    Take a look at 20 pay life insurance. Most people know that you buy whole life insurance if you want to be covered for the rest of your life even if you live to age 100.

    Read More