Any Term Life Insurance policy we offer can be converted to a Permanent policy from the same company. Here are a couple of the advantages:

• No new application, or physical exam is required. Your Permanent policy's rates may be based on the same "risk" class as your Term policy, plus your current age.


• Your coverage becomes permanent. Your Permanent policy will most likely be a Whole or Universal Life policy with coverage up to age 100.

But there are disadvantages:

• The conversion right has a time limit. It varies from policy to policy, but it can expire long before the 10-, 15-, 20- or 30-year term on your existing policy. If this is something you're considering, contact a SelectQuote Licensed Agent right away.


• Be prepared to pay more. Permanent policies typically have much higher premiums than Term Life policies during the initial level premium period.


• Your conversion policy choices can be limited. Frankly, the companies know that many people convert because of health problems, so they may not make their most price-competitive policies available for conversion.

A SelectQuote Licensed Agent will explain all your options and let you choose the best values available to you from the companies we represent.

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