Life is full of uncertainties, but your financial security shouldn’t be one of them. You’re now in a place to consider your long-term financial goals and investments and Permanent Life Insurance should not be overlooked in your plans.

Here’s why making the switch could be one of the smartest moves you’ll ever make:

Cash Value Growth: You can convert your term life insurance policy into permanent life insurance and enjoy the same coverage benefits while the cash value of the policy accumulates, tax deferred. Whether you need funds for emergencies, educational expenses, or retirement supplement, the cash value component offers flexibility and peace of mind.

Avoid Underwriting: If your term life insurance policy is approaching your expiry date, you may be eligible to convert your term policy to permanent coverage while avoiding the underwriting policy altogether!

Lifetime Protection: Unlike term life insurance, which provides coverage for a specific period, permanent life insurance offers protection for your entire lifetime. No matter what twists and turns life may bring, you can rest assured knowing your loved ones will be financially safeguarded.

Stable Premiums: With most policies, converting to permanent life insurance locks in your premiums at a stable rate, protecting you from potential increases as you age or if your health status changes. This predictability allows for better financial planning and eliminates the uncertainty of future premium hikes.

Tax-Free Death Benefit: Your beneficiaries get the money from the death benefit by providing tax-advantaged wealth transfer options. Beneficiaries can use this money in any way they want.

Ready to take the next step toward securing your financial future? Converting your term life insurance into permanent coverage is easier than you think.

Contact your advisor today and we will walk you through your conversion options and start building cash value with the same level of protection!