How to Convert your Term Insurance to Whole Life Insurance

Term Insurance to Whole Life Insurance

Term Conversion made simple. Michele McFie shares how to convert your convertible Term Insurance into a permanent life insurance policy that will build Cash Value for you. Many start with term insurance for its affordability and straightforward coverage, but as life changes, insurance needs evolve too. Michele provides a clear, step-by-step guide on how to convert a term life insurance policy into a permanent one, explaining how this move can provide long-term security and financial advantages.

Why Consider Term to Permanent Life Insurance Conversion?

Term insurance, typically chosen for its affordable and temporary coverage, serves well for a set period—usually 10, 20, or 30 years. As the term expires, policyholders often need options to continue their coverage. Michele explains that converting to a permanent policy, like whole or universal life, can provide lifetime security, along with the ability to build cash value over time. This conversion is helpful for those who want to ensure lasting protection, add a financial asset, or support future financial planning.

Is Term Conversion Right for You?

Converting from term to permanent insurance may not suit everyone, but for those looking for long-term coverage, cash value growth, and financial peace of mind, it’s a valuable option.

To learn more about Cash Value building Life Insurance and how to use it, go here»

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