A Secret You May Not Know About Your Term Life Insurance Policy (But Should)

Posted by: Byron Udell on Jun 18 Add comments

By Byron Udell


Term policies generally contain an option known as convertibility.  Assuming your policy includes this feature and has not yet expired, you’re allowed to convert your existing term life policy or a portion of it to a permanent one.  This new policy will have LEVEL PREMIUMS for the rest of your life.  In other words, you’ll never see your life insurance rates go up again!

 Plus, the ability to convert your policy (if you’re eligible) is guaranteed, even if you’ve had a change in health.  The beauty of convertibility is that there are no hassles and no medical questions or exams required.  The new premium will be higher but it will remain the same for the rest of your life!  If you don’t convert and let your term policy expire and buy another life insurance policy, you’ll end up paying much more in the long run.  That’s where the savings come in!

 Making the change is so easy—just speak with our experienced Policy Review Team to find out if you’re eligible and request a premium comparison between your existing term policy and a new permanent life insurance policy.  Call us at 800-410-7215.

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