Why convert now?

  • Your acceptance is guaranteed. No underwriting or medical exams are required.

  • You can lock in lower premiums. The younger you are when you convert, the lower your premiums, which can be guaranteed not to increase.
  • You'll have more time to accumulate cash value. The cash value of permanent life insurance increases every year. Guaranteed. Waiting to convert for five or ten years can have a significant impact on the cash value of your permanent life insurance policy.

  • Your conversion benefit won't last forever. The length of your conversion period varies according to the details of your term policy.

Living benefits of
permanent life insurance

Permanent life insurance is a flexible financial asset that provides benefits for you and your family while you're living. As you pay premiums, the policy builds equity that grows tax deferred and could become a source of funding you can access at any age, for any reason. You can take a loan against the cash value, use it as collateral, take a portion of the cash outright or surrender the policy. No questions asked. 1


The power of
converting now

The cash value of a permanent life insurance policy increases every year. Guaranteed. So when it comes to converting your term policy to permanent life insurance, time is money. A delay of just five or ten years can have a significant impact on your policy's accumulated cash value.

Hypothetical
cash value growth
Term to perm insurance cash flow chart