Male   Female
  • Are term life conversions an option if I’m healthy?
  • July 15, 2015
  • life insurance healthy peopleBy Karla Sullivan

    Most Americans understand the functions of a term life insurance policy, but many may not know how it can save them money when they convert their policy to a plan that provides coverage for a longer period of time with term life conversions.

    A standard term life insurance policy provides coverage for a set period of time, usually between one and 30 years, and only pays if a death occurs during the policy period, according to the Insurance Information Institute.

    Some term life insurance policies have a guaranteed conversion provision that allows a policyholder to purchase a new cash-value policy at the same insurance rates that would be charged to a healthy individual of the policyholder’s sex and age, reports

    State Farm has additional information about converting term life policies on their website.

    This provision can be especially beneficial to policyholders with medical problems, as they will not be forced to undergo a physical examination to gain coverage, the website reports. However, most conversion policies enforce a maximum age at which a policyholder is allowed to convert, usually 70 years old, according to

    Term life insurance policy holders interested in this option should consult with their insurance company to make sure they offer this service.

  • Category: Articles Library, Life Insurance, More news, Term Life

One Response

Leave a Reply



Consumer Insurance Guide SM provides a wide selection of originally-authored articles and expert advice targeted to the self-directed insurance shopper. Our mission is to provide consumers with useful, money-saving information on all things having to do with making sound insurance purchase decisions.

Consumer Insurance Guide SM is owned by Life Quotes, Inc. 8205 South Cass Avenue, Darien, IL. For editorial, content feeds, advertising and lead purchase opportunities, contact Robert Bland at

Originally founded in 1984 as Quotesmith Corporation, Life Quotes, Inc. owns and operates and, two online consumer insurance information services that cater to the needs of self-directed personal and corporate insurance shoppers.

About Us  |   Contact Us  |   Press Releases  |   The Best Privacy Policy  |   Life Insurance  |   Careers
For Agents & Brokers  |   Site Map  |  

Copyright ©1984-2015 Life Quotes, Inc., 8205 South Cass Avenue, Suite 102, Darien, Illinois. Life Quotes, Inc. and certain of its personnel are licensed as insurance agents, brokers or producers in all states. CA agent #0A13858, LA agent #200696, MA agent #333509159. dba Life Quotes Insurance Services in CA under agent #0827712, in LA under agent #205078. dba Life Quotes Insurance Services, Inc. in UT under agent #90093. All rights reserved. Telephone (630) 515-0170. Founded 1984.