Converting Term Life To Whole Life at Life

Converting Term Life To Whole Life. For many, it is the entire coverage term but with a specific age limit, 65 or 70 in most cases. Most term life insurance policies sold in the market today come with a conversion feature that lets you convert some or all of your term life insurance policy into permanent life insurance such as whole life, variable or universal.

Life insurance policies fall into two broad categories, term or whole life insurance. The cash value of a whole life insurance policy increases every year. If you’re unsure about whether term or whole life coverage is right for you, or if you’re considering convertible life insurance, connect with a new york life financial professional to.

Michael HeathCaldwell M.Arch 1911 Eliza Louisa Marsh

There is also the possibility of converting term life to whole life insurance. Most term life insurance policies sold in the market today come with a conversion feature that lets you convert some or all of your term life insurance policy into permanent life insurance such as whole life, variable or universal. There is also the possibility of converting term life to whole life insurance. Policy conversions usually do not require additional underwriting