DiscoverPlanning Matters RadioShould You Convert Your Term Life Policy to Whole Life?
Should You Convert Your Term Life Policy to Whole Life?

Should You Convert Your Term Life Policy to Whole Life?

Update: 2025-09-27
Share

Description

Are you thinking about converting your term life policy to a whole life policy? Many people purchase term life insurance for the affordability and protection it offers during their working years. But as life changes, the question often comes up: should you convert your term life policy into a whole life policy? In this video, Peter with Richon Planning and Erin Kennedy break down what you need to know, including:

✅ The key differences between term and whole life

✅ Why some people choose to convert

✅ The potential costs and drawbacks

✅ How to know if it's the right move for you

If you'd like to sit down with Peter to determine if converting your term life policey makes sense as part of your financial plan, of if you'd like to discuss the pros and cons of investing in a whole life policy, please call (919) 300-5886 or visit www.RichonPlanning.com

 

Comments 
00:00
00:00
x

0.5x

0.8x

1.0x

1.25x

1.5x

2.0x

3.0x

Sleep Timer

Off

End of Episode

5 Minutes

10 Minutes

15 Minutes

30 Minutes

45 Minutes

60 Minutes

120 Minutes

Should You Convert Your Term Life Policy to Whole Life?

Should You Convert Your Term Life Policy to Whole Life?

Peter Richon