A term‑to‑permanent conversion lets you exchange your current term policy for a permanent one, usually without having to go through new medical underwriting. If you want coverage that lasts your entire life, this option can be incredibly helpful.
Term to perm options
Life moves quickly, and your insurance needs don’t always stay the same. If you have a term life policy, you might have the option to convert it into permanent coverage, a simple move that can give you long‑term security, often without any medical exams required or extra hurdles. It’s basically a way to take what you did years ago and make it work even harder for your future.
Term to perm options
Why you might choose to convert
- To obtain lifelong coverage — your protection won’t end when your term ends.
- Often new medical exams aren’t required — your current health doesn’t affect your eligibility.
- Cash value growth — permanent policies can build value you may be able to use later.
- Long-term care support — some options include features that help with future care needs.
- Predictable premiums — Many permanent options keep your payments steady.
- Guaranteed death benefit — your loved ones receive financial support when they need it most.
At the end of the day, it’s about peace of mind — knowing your coverage is built to last.
When a conversion might make sense for you
You might want to take a closer look at converting if:
- Your term policy is getting close to its conversion deadline.
- You're interested in possibly getting permanent coverage without having
to go through underwriting.
- You want lifelong protection for things like estate planning or final expenses.
- You’re thinking long term and want a policy that builds value over time.
If any of this sounds familiar, it’s worth exploring what’s available to you.
Permanent policies you could convert to offered by OneAmerica Financial
Permanent policies you could convert to offered by OneAmerica Financial
Can I convert only part
of my coverage?
Yes, many policies let you
convert just a portion.
Will my premium
go up?
Most likely. Permanent insurance costs more because it lasts your entire life and builds cash value.
Do I need a
medical exam?
Not necessarily. This can be one of the biggest perks of converting.
Key takeaways
If you’re considering converting
If you’re starting to think a conversion might be suitable for you, or if you just want a clearer picture of what it would mean for your long‑term strategy, this is a great moment to reach out to your financial professional. They can walk you through your specific policy, explain your conversion window, and help you choose the permanent coverage that fits your goals.
A quick call can make the whole process a lot simpler. If you’re unsure where to start, your financial professional is a good first step.
OneAmerica Financial is the marketing name for the companies of OneAmerica Financial. Guarantees are subject to the claims paying ability of the issuing insurance company. Life insurance is not a retirement plan, investment, or savings account. Life insurance policies’ cash values are not considered liquid.