Are there any ART life insurance policies with conversion privilege allowing conversion to level term? 
I am unaware of any ART policies offering conversion to a level term policy . Term policies , whether they are annually renewable or have premiums locked in for a set number of years -LRB- 5 , 10 , 15 , 20 , etc -RRB- are typically convertible to permanent policies . There are two types of life insurance : Term and Permanent . Conversion refers to converting from one type of policy -LRB- term -RRB- to another type -LRB- permanent -RRB- . 