Is your term life coverage about to lapse? Consider a term life conversion!

Before your term life insurance lapses and the benefits of your policy have passed, consider the options of a term life conversion. Many insurance carriers have built in options to convert your term life insurance to permanent life insurance or whole life insurance. Since the provisions of term life conversions vary from company to company, it is a good idea to consult with an independent insurance agency to learn which option may be best for you.

LifeNet Insurance Solutions will analyze your current life insurance coverage and assess your need for a conversion to a permanent plan. A term life policy will generally allow an insured to convert to a whole life policy up to the policy holders 70th birthday. The benefits of converting your term life insurance go beyond continued coverage such as accumulating cash values and consistent premium levels.

Contact LifeNet Insurance Solutions to learn more about how a term life conversion can work for you!