Yes, many term life insurance policies allow for the option to convert to a whole life insurance policy. The conversion feature typically allows the policyholder to convert their term life insurance policy to a permanent life insurance policy, such as whole life or universal life insurance, without the need for a medical exam or providing proof of insurability. The conversion option is typically available during a specific period of time, known as the conversion period, which is specified in the policy. This period is usually within the first few years of the policy, but it can vary depending on the insurance company and policy terms. It’s important to note that the premiums for a whole life insurance policy will be higher than the premiums for a term life insurance policy.