Can I convert my term life insurance policy into a permanent policy?

Yes, New York Life offers the option to convert your term life insurance policy into a permanent policy. Converting to a permanent policy allows you to maintain life insurance coverage beyond the term period without undergoing medical underwriting. Conversion is usually available during a specific time frame, typically within the first few years of the term policy. The eligibility and terms of conversion may vary depending on the specific policy details, so it is important to review your policy contract or consult with a New York Life representative for more information. Converting to a permanent policy provides the opportunity to secure lifelong coverage, accumulate cash value, and potentially access additional benefits and flexibility in the future.