Convertible Term Life Insurance

Many people choose to add more flexibility to their life insurance policy by opting for a convertible life insurance policy. This is where the policy holder can change their term life insurance to a permanent life insurance if their needs change. It is normally converted with no extra evidence of your health and the premiums generally remain the same, but it allows the policy holder to take a lump sum before the policy expires or take a lump sum if they survive the term. For many people this is becoming a very viable life insurance option as it gives them flexibility with their investment.