Converting term life to whole life insurance

You realize the importance of life insurance and the value of the financial protection it provides. When you purchased your term life insurance policy from State Farm Life Insurance Company or State Farm Life and Accident Assurance Company (Residents of NY and WI only), you took the important step of providing protection for your loved ones for a specified period of time. However, have you considered the benefits of converting to a permanent life insurance policy?

Benefits of converting term life to permanent life

Permanent life insurance, such as whole life, offers premiums that remain the same and provides your loved ones with protection throughout your lifetime provided premiums are paid as required.
A permanent life insurance policy builds cash value, which can be withdrawn or borrowed during your lifetime. Unpaid loans and withdrawals will reduce the guaranteed death benefit and policy cash value. Loans also accrue interest.
If you convert qualifying term life insurance to a permanent life or universal life insurance policy, the new policy's first year premium will be reduced. The amount of reduction is based on the premiums you have paid on your existing term coverage during the 12 months prior to converting. This offer is only available during the first five years of your term life insurance coverage.
You have the option of converting your term life insurance to permanent life insurance, regardless of your health or occupation, at any time prior to age 75 (subject to established minimums)

Konvèti lavi tèm nan asirans lavi antye

Ou reyalize enpòtans asirans vi ak valè pwoteksyon finansye li bay. Lè ou te achte kontra asirans vi tèm ou nan State Farm Life Insurance Company oswa State Farm Life and Accident Assurance Company (Rezidan NY ak WI sèlman), ou te pran etap enpòtan pou bay pwoteksyon pou moun ou renmen yo pou yon peryòd tan espesifik. Sepandan, èske ou konsidere benefis ki genyen nan konvèti nan yon kontra asirans vi pèmanan?

Benefis konvèti lavi tèm nan lavi pèmanan
 
Asirans vi pèmanan, tankou tout vi, ofri prim ki rete menm jan an epi ki bay moun ou renmen yo pwoteksyon pandan tout lavi ou depi yo peye prim jan sa nesesè.
Yon kontra asirans lavi pèmanan bati valè lajan kach, ki ka retire oswa prete pandan lavi ou. Prè ki poko peye ak retrè yo pral diminye benefis lanmò garanti a ak valè lajan kach politik la. Prè tou akimile enterè.
Si ou konvèti sirans vi tèm ki kalifye nan yon vi pèmanan oswa yon kontra asirans vi inivèsèl, prim premye ane nouvo politik la ap redwi. Kantite rediksyon an baze sou prim ou te peye sou pwoteksyon tèm ou te egziste pandan 12 mwa anvan konvèti a. Òf sa a disponib sèlman pandan senk premye ane kouvèti asirans vi tèm ou.
Ou gen opsyon pou konvèti asirans vi tèm ou an nan asirans vi pèmanan, kèlkeswa sante w oswa okipasyon, nenpòt ki lè anvan laj 75 (sijè a minimòm etabli).

https://www.statefarm.com/insurance/life/resources/converting-term-to-permanent