Is Converting My Term Life Insurance Policy To A Permanent Life A Good Idea? 
Video Transcript : Hello everyone , I 'm Steve Savant , syndicated financial columnist and host of the weekly online talk show Steve Savant 's Money The Name of The Game . I 'm answering questions from insurancelibrary.com today , and here 's our question : is converting my term life insurance policy to a permanent policy a good idea ? Well remember , most people buy their term insurance because they 're buying it for a time certain event 10 years , 15 years , 20 years . Sometimes life changes and all of the sudden liabilities and obligations that I thought were going to be terminal now become permanent . I want to make sure when I buy my term insurance contract that I have convertibility and that that convertibility allows me to go to a really good permanent portfolio , so all of the sudden if I need to change and I need to make a maneuver , I may have to convert my term to perm because my obligations and liabilities have changed . That 's why you need to look at a good term contract that has convertibility options and a good window to convert to a good quality permanent policy . Well , that 's our consumer quest ion for today . If you have any questions just submit them to www.insurancelibrary.com . 