A term conversion is the process of converting your policy into permanent insurance without a medical exam or underwriting. (abramsinc.com)
If you're allowed to, and don't convert the policy at the age of maturity, the coverage will expire, leaving them with no coverage. (protective.com)
The majority of term life insurance policies provide the option of converting the policy into a permanent life insurance policy like a whole life insurance. (lifeinsuranceblog.net)