Can Term Life Insurance Be Converted To Whole Life? 
Can term insurance be converted to whole life -LRB- or permanent coverage -RRB- ? Only if it is a term policy with that provision . NOT every term policy is convertible . It can be a HUGE mistake to purchase a term policy without this feature . The conversion option is a person 's safety net if they find that they still need coverage beyond the period they bought the term coverage for AND no longer have the best health . The nice thing about the conversion option is it allows you to purchase a new policy at your old health condition . So if you were a healthy young person when you purchased the term policy , the insurance company keeps you as a healthy person rate , rather than what you might actually be . 