What Is A Term Life Insurance Conversion Credit? 
You are basically upgrading to a permanent policy . The upgrade to a permanent coverage is done based on the health status of the policyholder when he got the term life insurance and not his current health condition . Thus , conversion becomes a good option for those who were originally in the best of health but whose health levels have deteriorated over the years . With the benefit of life insurance conversion , you dont have to provide evidence of insurability , allowing you to fork out the same premiums that any person of your age who is in excellent health would pay . 