Term Conversions

Practically all term insurance policies have a "conversion" feature. This allows you to change from your term policy to a universal life policy without having to prove insurability. This feature is especially attractive to policy owners who have become uninsurable and need coverage beyond their level term period. There are some limitations that vary by company. For example, some companies will only "convert" during the first 5 years, some state you can only "convert" during the level premium period and some limit by age such as 65 or 70. To find out more, call me at 888-628-6100.

There are currently no posts in this category.

Syndicate content