Converting term life to whole life insurance

• Permanent life insurance, 比如整个人生, offers premiums that remain the same and provides your loved ones with protection throughout your lifetime provided premiums are paid as required.
• A permanent life insurance policy builds cash value, which can be withdrawn or borrowed during your lifetime. Unpaid loans and withdrawals will reduce the guaranteed death benefit and policy cash value. Loans also accrue interest.
• If you convert qualifying term life insurance to a permanent life or universal life insurance policy, the new policy's first year premium will be reduced. The amount of reduction is based on the premiums you have paid on your existing term coverage during the 12 months prior to converting. This offer is only available during the first five years of your term life insurance coverage.
• You have the option of converting your term life insurance to permanent life insurance, regardless of your health or occupation, at any time prior to age 75 (subject to established minimums).

视图 more detailed information on the differences between term and permanent life insurance.

Don't miss this opportunity. 联系你的 状态 Farm®代理 today to discuss why converting term to permanent life insurance might be your best option.