How Do You Convert Term Life Insurance To Whole Life Insurance? 
That is a great question ! Your policy should have a clause that outlines the details of your conversion process , but here 's what you want to do . If you purchased the policy through an agent , contact them and let them know what you are wanting to do . They will then tell you if your policy is convertible , and if so what that conversion will buy for you in a whole life policy . You should be aware that your coverage amount will be much lower , and if you want to keep the face value that your premiums will become much more expensive . Whole life policies are more expensive than term policies are because of their cash accumulation features , and the higher risk to the insurer - they do n't have to pay out on many term policies , but have to pay out on nearly every whole life one . Decide where your budget allows , and what minimum coverage you want to keep , and have your agent work with you on getting as close to those numbers as possible.I think the conversion is a great idea . If you have questions , please do n't hesitate to contact me , okay ? Thanks for asking ! 