Should I Convert my Term Life Insurance Policy to Permanent Life Insurance?

 
 

 

Should I Convert my Term Life Insurance Policy to Permanent Life Insurance?

Should I convert my term life insurance policy to permanent life insurance img.jpeg

Example of someone who should convert:  You purchased a 20 year term policy and now you are 17 years into the policy (3 years of coverage left) and you just found out that you are pregnant and have a medical condition that will cause you not to be able to purchase another term policy.  Just know that you will either have a higher premium or your will have to lower your coverage if you do convert your policy - but you won’t have to do a medical exam.


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