Term Life Insurance Conversion to Whole Life Insurance?

Can I convert my term life insurance policy into a permanent life insurance plan?

Yes, if you have a convertible term life insurance policy it offers the option to convert your coverage to permanent life insurance, if requested by a specific date stated in your life insurance contract.

In order to convert your coverage you will need to contact your life insurance company (or agent) and request in writing the conversion of your life insurance policy to permanent coverage.

The premium you pay for your permanent coverage will be much higher than you paid for temporary (term) life insurance, and will be based on your age at time of conversion.

Learn more about converting term life to whole life.