This would come into play if your term life insurance company didn't have very good conversion options OR the companies that allow external term conversions. (lifeinsurancepost.com)
One strategy is to buy term life insurance with a company that has good conversion options and historically has good permanent products that you can convert to if you want to in the future. (over50lifeinsure.com)
Even though MetLife used to have some of the best conversion options available, we can still work with this PAUL product and compare it to what you can qualify for on the open market. (termlifeconversion.com)