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| *Ostroff, Fair and Company>>>Insurance |
How to Convert Term Insurance to Permanent Insurance? |
How to Convert Term Insurance to Permanent Insurance? just pay the difference Source(s): http://www.insurance-assurance.com/... Your agent that sold the policy should be able to help you with it most companies just require you to pay the additional premium that permanent life insurance costs to keep same death benefit in force I worked in insurance for 6+ years contact your insurance agent. term life insurance is different than whole life insurance. one only covers if something happens, like car insurance, that's term. whole life is a policy that you can borrow against, and that actually has a value as time goes by. give em a call!! good luck! A Term insurance and a Permanent Insurance is a different Thing, I suppose you require a whole life cover policy, Normally term Insurance Policy once purchased cannot be surrendered or exchanged, You will have to purchase a Whole life policy separately. Thanks |
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