converting term life insurance to permanent coverage westchester ny
  • By Allan M Block Blogging Team
  • Posted June 3, 2020

Converting Term Life Insurance To Permanent Coverage

Many people purchase term life insurance when they are younger and have kids at home. But as you and your children age, that term life policy may come to an end and you may face another decision: Do you purchase another term policy in its place, or do you purchase something else altogether?

If you consider your options prior to the end date of your term life policy, you may be able to convert it into permanent cover­age. In addition, you may be able to con­vert it without taking a new medical test! If you can take advantage of this opportunity, your rating will still be the same as when you were younger, since they will not test you for any new medical conditions.

A permanent life insurance policy will stay active until very late in life, even up to age 120. There are also types of permanent life insurance that can be used as a source of savings and investment.

There may be age limits on when you can buy a permanent life insurance policy affordably, so ask your agent about your options and deadlines.

For more information or answers to your insurance questions, contact us at Allan Block Insurance Agency,, located in Tarrytown, NY in the heart of Westchester County, a key business district near New York City.  We write auto, home, renters, condo, co-op, personal, business, life and group insurance for clients locally and in NYC, CT, NJ, PA, MA and many other states. The Professional Agency with the Personal Touch.