Can Whole Life Insurance Be Converted To Term? 
Jason has a good option for you . I have another consideration : reduced paid-up insurance . You can ask your carrier how much coverage they will guarantee if you stop paying premiums now . It will be less than you now have , but if that is okay , then you wo n't have to go through underwriting again for a new policy . It all depends on how much coverage you need , and for how long . And - importantly - what rate you could command if you bought a new policy . To determine that , you should get prequalified . Make sure you know the company , product , and price before you formally apply . 