Term Life Insurance – Know the facts, not just the price
May 19, 2009 - Back to Deck's Page
Term Life Insurance – Know the facts, not just the price
Many times in quoting term life insurance, premium is the only determining factor between one insurance carrier and another. However, the conversion rights within a term life insurance policy vary contractually from one insurance company to another. It is important to know what will be made available to the client when conversion is the only method of retaining life insurance protection. Most companies allow a conversion to a certain age (such as age 70), but dictate what product will be made available on the conversion.
Fortunately, we have three insurance companies that contractually guarantee, at the time of conversion, that any product on the market is available to convert to. This is an important distinction concerning conversion privileges for most term insurance policies in the market. As clients look for ways to keep their life insurance coverage in force, it is important to know just what will be made available in the future.
For complete details concerning conversion rights within term life insurance offers, please contact our office at 800-732-1489 and request to speak with a member of our life department.
Deck McCormick
CEO
InSource, Inc.