If You’re Considering Converting Your Term Insurance… Don’t Wait!!

There’s a new extremely disturbing trend going on in the life insurance industry.

The insurance companies are very quietly changing the array of permanent products available for term conversions. While policies are contractually convertible (often up to a given age or number of years), the new conversion options may be very expensive. Some of the insurance companies give the insureds up to 6 years to convert into their competitive policies and thereafter, the policies are still convertible but to a sub-par product.

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