Will you outlive your life insurance coverage?


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Term life insurance doesn't last a lifetime.

Your term life insurance policy will provide dependable coverage for the term you selected. But what happens afterward? Some policies end on a specific date. Others continue but the premiums may increase or the protection may decrease. But one thing is certain: When your life insurance expires, you and your loved ones might be vulnerable.

Now you can keep your term life coverage by converting it.

Fortunately, it's possible to convert your term life insurance to permanent coverage. And it's easy too. Your policy has a conversion option allowing you to convert to a permanent policy with no hassle and no medical exam, even if your health has declined.¹ This represents an important benefit, and could mean significant savings for you. And best of all, making the conversion is free.

How do you know if converting from term to permanent is right for you?

It's smart to evaluate your insurance coverage periodically. Things change, after all. Has your family grown? Did you buy a home or start a business? Has your marital status changed? Major life events are a good time to review your policy. It might make sense to add years to your existing term life policy or to convert it to permanent. Our friendly, professional agents can provide information to help you determine what makes sense for you.

Converting may offer financial benefits

Converting to permanent insurance can provide financial advantages. Your permanent policy has the potential to accumulate cash value that you could access through policy loans. The money earned is tax-deferred, which means that while it remains in the policy, you don't pay taxes on it. And your loved ones don't pay any income taxes on any death benefits.

As with other life insurance policies, premiums go up as you get older. So if you are considering converting from term to permanent, you might save more money by converting sooner than later.

Making the change is free and easy

Simply call one of our licensed agents and ask about converting from term life to permanent life. You can choose to convert all or just a portion of your coverage. And it costs nothing to convert. But hurry, because the option to convert does expire. Call toll-free 800-914-8376 and learn how to convert your term life to the insurance of a lifetime!

¹ Premium payments for permanent policies are often significantly more expensive than those associated with a term life policy.

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