Term Conversion, term life insurance conversion, convert to permanent life insurance and "conversion"

Convert your term life insurance policy to permanent coverage like whole life insurance or universal life insurance

What are the benefits of doing this?  Here are just a few:
 

• Modern Permanent policies are used to cover you for your entire life; not just for a short "term" period of time.

• Permanent products build "cash value" that can be taken out in the form of loans or permanent withdrawals.

• One of the best features of doing a term conversion or converting your term policy to a permanent policy is the fact that you do not have to qualify medically!  You do not have to give blood, you do not have to answer any health questions and you are not asked about driving history, hazardous avocations, and on and on...

In other words: You could currently be suffering from cancer, stroke, heart attack, AIDS, diabetes, etc and be converted to a permanent policy that will cover you for as long as you live with NO QUESTIONS ASKED.  *Important* - The assumption here is that you currently have a term insurance policy that was issued before you fell ill.

So what's the downside?

• Permanent plans are typically more expensive than term insurance.  But consider what I always say "term insurance is for IF you die and Permanent Insurance is for WHEN you die".