2006-12-14 18:35:28 · 6 answers · asked by Anonymous in Business & Finance ➔ Insurance
just pay the difference
2006-12-16 23:58:20 · answer #1 · answered by Anonymous · 1⤊ 0⤋
A Term insurance and a Permanent Insurance is a different Thing, I suppose you require a whole life cover policy, Normally term Insurance Policy once purchased cannot be surrendered or exchanged, You will have to purchase a Whole life policy separately.
Thanks
2006-12-15 09:21:21 · answer #2 · answered by AVANISH JI 5 · 0⤊ 0⤋
contact your insurance agent. term life insurance is different than whole life insurance. one only covers if something happens, like car insurance, that's term. whole life is a policy that you can borrow against, and that actually has a value as time goes by.
give em a call!!
good luck!
2006-12-15 02:44:04 · answer #3 · answered by Silver Thunderbird 6 · 0⤊ 0⤋
most companies just require you to pay the additional premium that permanent life insurance costs to keep same death benefit in force
2006-12-15 02:41:14 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Call your agent. Keep in mind, if you didn't buy it with the "convertible" rider on it, you can't convert it - you'll have to buy a new policy.
2006-12-15 10:00:23 · answer #5 · answered by Anonymous 7 · 0⤊ 0⤋
Your agent that sold the policy should be able to help you with it
2006-12-15 02:37:43 · answer #6 · answered by sickand tired 3 · 0⤊ 0⤋