Term to Permanent Coverage to Sell

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You may have a convertible term life insurance policy that is about to mature.


With maturing convertible term policies, time is running out to exchange these policies and for extending benefits by converting the coverage to a whole life or universal life policy. Then selling this new coverage may be the best available option.

Life insurance settlements offer the opportunity to help clients evaluate the dwindling asset value of convertible term life insurance policies nearing expiration. In the right situation, a policyholder can cash in by first converting to a whole or universal life policy, then selling the permanent policy to a life settlement provider.

In such a case, the term policyholder avoids the higher premium costs associated with most convertible policies and receives cash proportionate to the value of the new asset.