When purchasing a Term Life Insurance Policy you are eligible to convert the policy into a Whole life permanent policy. Some companies will even give you a credit to do so. Where the premiums that you paid for the Term Insurance will be credited to the Whole Life Policy when you choose to convert.
For more information please visit www.FreeLifeQuotesNY.com
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Are you sure that term life insurance can be converted to whole life insurance policy at later stage in life ? I do have a term life policy but is not aware if my carrier will do provide me with this opportunity to convert my existing term policy to whole life permanent policy. I will contact my agent today to confirm about it. Thanks for highlighting this important point.
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