How Do You Convert Term Life Insurance To Whole Life Insurance? 
Converting Term to Permanent Insurance requires several things : 1 -RRB- Your policy must offer that provision ; 2 -RRB- You must take advantage of that provision in the time frame allotted -LRB- each policy has its own deadline to convert - such as within x number of years or by a certain age -RRB- ; 3 -RRB- You can only convert up to the face amount of your current policy , and there will be a minimum face amount , as well ; 4 -RRB- You must convert to the type of policies offered for conversion by your insurance company -LRB- some allow you to convert to any of their permanent products , while others may offer a very narrow range of policy choices to convert to -RRB- ; and 5 -RRB- You may or may not be able to keep the remainder of your coverage in Term insurance . If your agent is no longer around , contact an agent you trust and give them permission to contact your insurer and develop some options for you . By understanding minimum face amounts , premium `` banding '' , and other features offered by that carrier , a knowledgeable agent can get you the most bang for your buck . E.g. . If you are in good health or still want Term insurance , you may be better off getting a new policy . If you are in poor health , you may be able to save money by converting to a policy guaranteed not to lapse for a limited number of years , rather than paying for a lifetime guarantee . Conversions are easy to execute but can be complicated to decide , so having a consumer driven agent in your corner can really help . 