Not Your Average Financial Podcast™

Episode 187: What is a Term to Whole Life Conversion?

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In this episode, we ask:

  • Did you know that you can convert certain term life insurance policies to whole life without having to prove that you are in good health?
  • What about renting?
  • What about owning?
  • What about the cost?
  • Why are whole life premiums higher than term life premiums?
  • Is whole life insurance way more expensive than term insurance?
  • What about mortality cost?
  • What about policy duration?
  • What about risk?
  • How long do term policies tend to last?
  • What about term costs going up with age?
  • What happens when term policies expire?
  • How many term insurance policies actually pays a claim?
  • What are the types of life insurance?
  • What about cheap term on the web?
  • What about convertible term insurance?
  • What about something akin to a “rent to own” provision?
  • What about the option to move to whole life insurance?
  • Does convertible term insurance cost a lot more?
  • What about a modest whole life policy?
  • What are the three benefits of converting?
  • What about a medical exam?
  • What about converting under age 65?
  • What about essentially locking in approval?
  • What about the death benefit?
  • What about estate planning?
  • What about liquidity?
  • What are the questions?
  • How does it work?
  • What about health status?
  • How much is convertible?
  • How is this like saving your place in line?
  • How much does it cost?
  • How much more does it cost to cashflow the whole life insurance?
  • What is a term insurance credit?
  • How long does it take to convert?
  • What about processing time?
  • What about a partial term conversion?
  • What about flexibility?
  • What about protecting your family?
  • What about increases in income?
  • What about additional policies stemming from term conversions?
  • What about completely converting the term?
  • What’s an example timeline?
  • What about a case study?
  • What type of whole life insurance are you converting into?
  • What about timing?
  • What about overwhelm?
  • What about diagnosis or disability?
  • What is possible?
  • Would you like to join the FREE Not Your Average Financial Community?

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