Convertible Life Insurance Term Policy

Most term insurance policies are convertible after the term on the policy has ended. A 30 Year Term Policy would be convertible into a whole life or other life insurance contract or plan. This same convertible concept applies to 10 year term, 20 year insurance or other.

Conversion life features allow people to switch to permanent insurance from temporary term policies.

30 Year Term Sample Feature

Conversion Provision: Earlier of the level premium period or age 70. Convertible to any cash value policy available at time of conversion of the 30 year term plan without evidence of insurability.

Occasionally, people find short term needs ultimately become long term. You can take out term insurance to cover a mortgage or to provide protection until your children graduate from college. However, there may come a time when insurance becomes more difficult to obtain, either because of cost or ill health. The conversion aspect of term insurance becomes important when this scenario arises.

If you own Term insurance, your policy may be convertible to a permanent plan without evidence of insurability until the earlier of the level premium period or age 70. Term insurance vs. permanent insurance

AIT is an education provider and we are licensed insurance agents. We can answer any question you have on convertible life products or any other insurance policy question. We are a trusted source and can assist you. Feel free to contact us.

Sell A Policy For Cash - Learn how you can transfer or sell an insurance policy. Get a quote for existing convertible term policy holders:

Learn More about Selling a Life Policy or go direct to our Sell Insurance Quote form.