Converting Term Insurance

Clients buy term life insurance because it is an inexpensive way to meet short-term needs. Unfortunately, they are often shocked, frustrated, and in danger of lapsing their policy when they face rising premiums and limited conversion options at the end of their term period.

Look at the following example to see how inexpensive universal life insurance can be if your client decides to keep their policy past the initial 15 year term period.

Traditional Term Life Insurance After 15 Years

Universal Life Insurance After 15 years