Converting Term Life Insurance
Your agent Brian Quinn, Licensed Life Insurance Agent for over 10 years in All 50 States. Specializing in helping clients with expiring term life insurance, avoiding medical exams, & locking in their life insurance premium for their entire life.
What Is Term Life Conversion?
When you take your term life insurance policy and apply for it to be turned into a universal life product or a whole life product, that is considered a conversion.
When you buy a term life insurance policy, you are mostly looking for an affordable monthly premium and a reasonable term length.
These periods usually go from 5 years up to 40 years depending on the company. However, these policies will eventually end, and you will have to either renew them, let them lapse, or convert them.
Some life insurance carriers might not offer the option to renew, and if you saw the premiums for renewal, you might let the policies lapse anyway.
I have found the best option to choose before your policy ends is to convert it into a permanent product, especially if you might not be able to get life insurance due to a medical condition.
You can do this conversion without having to take any type of medical exams or provide proof of insurability as long as you convert the policy before the conversion expiration period.
Brian owns Swim Lesson Club USA, a local & online swimming school. He entered the Life Insurance industry 10 years ago and has developed a passion for helping protect families from loss of income. After a 10 year career with SelectQuote he is now partnering with Term Providers focusing on educating their clients on all of their policy options.
Our partnership with Brokers Alliance allows us to independently shop all life insurance companies for the lowest price new Life Insurance.
We are not limited to a hand full of carriers we shop the entire market and match you with the life insurance company that will have the lowest price when you are approved.
Our understanding of how each company prices their polices based on health & lifestyle will allow a more accurate up front quote.
How we can Help
Free Policy Review
No Exam Conversion Options
Living Benefits review
Level Premium Period Review
Research for an Improved Health Class / Lower Price
Index Universal Life,
Guaranteed Universal Life
Guaranteed Fixed Annuities
Brian T Quinn
Licensed Agent P158965
Prudential Term Essential Conversion Options. You can convert to any permanent coverage that is offered by Prudential up to age 65. If you purchased your Term Essential policy between the ages of 60 and 64, Prudential will allow 5 years for you to convert.
Legal & General Life (Banner Life)
OP Term policies are renewable and convertible term life insurance products that provide a level death benefit.
This is definitely the product for you if you wanted more than a 30 year term because this is one of the only products that go up to a 40 year level term.
When it comes to conversions, this product doesn’t offer any term conversion credits and isn’t convertible to a survivor product.
With the OP Term product, you can convert your policy during the full term length of the policy or until you reach age 70, whichever happens first.
If you purchase a policy at the age of 66 or older, you are given the first 5 years of the policy to complete a conversion.