Convertible term life is a term life insurance policy that includes the contractual right to convert some or all of the term coverage into a permanent policy with the same insurer, without new medical underwriting, within a specified time frame or up to a certain age. Conversion options protect insurability for clients whose health may deteriorate after policy issue, allowing them to obtain long-lasting coverage or cash-value policies based on their original risk class. Conversion choices typically include selected whole life, universal life, or indexed universal life products from the carrierTMs current portfolio.

Advisors position convertible term life for clients who need large, affordable death benefits today but may later want permanent coverage for estate, business, or retirement-income planning. They track conversion deadlines and communicate options well before they expire, sometimes converting only a portion of coverage. Carriers provide conversion guidelines, eligible product lists, and simplified paperwork. Understanding convertible term life helps advisors emphasize that term coverage can be a stepping stone to permanent insurance, preserving insurability even if health worsens over time.