We gather basic information about your current term life insurance policy, budget and objectives.
We research ALL your conversion options and present the best options. We’ll answer any questions you have so you fully understand everything.
If you choose to convert your policy to a permanent one, we facilitate all the paperwork so all you do is review and sign.
Are you considering a term life insurance conversion or just looking for more information? Are you curios what the cost will be?
You’re in the right place.
We’re a national life insurance agency licensed in all 50 states that helps term life insurance policyholders covert their policies into permanent ones.
TermLifeConversion.com has access to 99% of the life insures on the market and can provide you with all the information you need to evaluate if converting your term life insurance policy makes sense.
We’re here to make sure you have ALL the information and understand your options. It’s up to you to decide if you want to convert, renew, cancel, purchase a new policy or do nothing at all.
Even though we’re not the agent on the policy, we can still help you uncover all your conversion options – including costs, information on policies and advice for your situation.
A term life insurance conversion can be the most important feature to your term life insurance policy. However, it’s often overlooked and misunderstood.
What is a term life insurance conversion?
A term life insurance conversion allows the policy owner to convert their term life insurance into a permanent policy with NO evidence of insurability. That means no additional underwriting is needed. No medical exam and no health questions. It’s simply paperwork that needs to be filed.
We estimate that most term life insurance policies on the market have a conversion feature to them. However, each companies conversion rules are different. That’s where we come in and present you ALL your conversion options with your life insurance policy.
Most people with a term life insurance policy have no idea who their agent is or don’t know how to contact them. This is the reason we started ConversionCost.com. We’ll show you ALL your conversion options and we don’t even need to be the agent on your policy!
Frequently Asked Questions
Is my life insurance policy convertible?
If you don’t know, that’s what we’re here for. We’ll just need to ask you some details regarding your policy such as the company name, name of term product, when it was issued and the term length. With that information, we can do our internal research and let you know if your policy in available for a conversion and to which products.
What life insurance companies can you help with?
We can help with 95% of the life insurance companies on the market. Including (but not limited to): American General, Assurity, Banner, Genworth, Globe, ING, Lincoln Financial, Lincoln Heritage, MetLife, Minnesota Life, Mutual of Omaha, North American, Principal, Protective, Prudential, Transamerica, West Coast Life.
How much do you charge for your service?
Nothing. We get paid by the life insurance company if we complete a conversion for you.
Can I contact the life insurance company directly?
You can…but you’ll be speaking with a call center representative that works for the company and not on your behalf. They’ll give you the paperwork needed but won’t be able to advise you on what to do. They’re not licensed to give such advice.
On the other hand, we (ConversionCost.com) can work within your budget and evaluate ALL the options. We do the legwork to find the most competitive product your term life insurance company offers and structure it to meet your goals.
We’ll also give you advice that your life insurance company won’t give. For example: lets say you own a $500,000 term life insurance policy and can’t afford to convert the full amount to a permanent policy. Did you know that with most companies, you can convert just a portion of your policy? In other words, you could convert to a number that fits your budget ($250,000 of coverage, $100,000 of coverage etc) and remove the rest of the term coverage.
Shouldn’t I meet with someone?
It’s not required by the life insurance companies and we can take care of this term life insurance conversion over the phone and through email, fax or mail. Whichever you prefer. We’re licensed to transact life insurance in all 50 states.