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Converting a term life insurance to whole life insurance
Getting the best term plan that can be converted to whole life insurance easily has been made very simple. Most term insurance policies will offer a window of time during which policyholders can convert their plan. Also, no medical exam will be required again while converting to whole life insurance.
The best term insurance from a reputed insurance company assures flexible requirements and modifications. You can convert a term plan to whole life insurance by choosing the whole life cover option.
This plan offers to pay the person’s beneficiary with the assured sum in case of a person’s death or terminal illness, which can also happen earlier. As the name suggests, this whole life insurance plan covers a person’s entire life. A person who is converting and is to live past the premium expiration will get the benefit from the policies until they turn 99.
The process of converting term insurance into whole life insurance is easy and requires less paperwork.