Comments on: Switching terms or conditions of life insurance? http://www.termlifeinsurancevs.net/switching-terms-or-conditions-of-life-insurance The Truth Revealed About Life Insurance Tue, 24 Jan 2012 15:12:59 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Insurance Pickle.com http://www.termlifeinsurancevs.net/switching-terms-or-conditions-of-life-insurance/comment-page-1#comment-121 Insurance Pickle.com Mon, 14 Dec 2009 22:57:59 +0000 http://www.termlifeinsurancevs.net/term-life-insurance-no-exam/switching-terms-or-conditions-of-life-insurance#comment-121 You just need to make sure that the term policy you buy is convertible AND that it's convertible to something competitive. An insurance broker can help you with that.<br><b>References : </b><br> You just need to make sure that the term policy you buy is convertible AND that it’s convertible to something competitive. An insurance broker can help you with that.
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]]> By: mbrcatz http://www.termlifeinsurancevs.net/switching-terms-or-conditions-of-life-insurance/comment-page-1#comment-120 mbrcatz Mon, 14 Dec 2009 22:21:59 +0000 http://www.termlifeinsurancevs.net/term-life-insurance-no-exam/switching-terms-or-conditions-of-life-insurance#comment-120 There are "guaranteed renewable and convertable" riders you can add to that term policy, when you first buy it. As long as you're not increasing coverage, you could convert it to whole life whenever you wanted to, at the predetermined rate. Not the predetermined term rate, the "guaranteed convertable" rate. It will be a lot higher, as the whole rate is higher than the term rate. They won't rerate you, unless you want to increase your cvoerage amount.<br><b>References : </b><br> There are "guaranteed renewable and convertable" riders you can add to that term policy, when you first buy it. As long as you’re not increasing coverage, you could convert it to whole life whenever you wanted to, at the predetermined rate. Not the predetermined term rate, the "guaranteed convertable" rate. It will be a lot higher, as the whole rate is higher than the term rate.

They won’t rerate you, unless you want to increase your cvoerage amount.
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]]> By: jlf http://www.termlifeinsurancevs.net/switching-terms-or-conditions-of-life-insurance/comment-page-1#comment-119 jlf Mon, 14 Dec 2009 21:37:59 +0000 http://www.termlifeinsurancevs.net/term-life-insurance-no-exam/switching-terms-or-conditions-of-life-insurance#comment-119 Unless your original term policy provided a conversion option, it's a whole new application for life insurance.<br><b>References : </b><br> Unless your original term policy provided a conversion option, it’s a whole new application for life insurance.
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