Converting a term policy to a permanent policy.
If you decide you want lifetime coverage, some term policies allow
you to convert your term life insurance into a permanent policy
without a medical exam.
Making the decision to convert may save
you money versus purchasing
a new life insurance policy at the end
of your term.
Like owning a home, permanent insurance builds cash value you can
borrow or withdraw.1 Keep in mind, taking a loan or withdrawal may
impact your death benefit.
Call, visit or e-mail your Allstate agency
1. Loans or partial withdrawals can reduce the policy’s cash value and death benefit, increase the possibility of policy
lapse and may result in a tax liability. Consult a tax advisor for more information on the tax treatment of loans or withdrawals
from a life insurance policy.