- 107
Are there cases in which it would make sense for someone (at 50 yo) to purchase term with the intent of converting down the road. For instance, if someone is definitely going to need life insurance for estate preservation (home alone is valued at 7 mil and almost paid off), but would rather be putting the premium money to use themselves in the mean time because they have a proven track record of making money even in tough times?
If not, how would you explain it to them?
If so, how can you tell what options will be available with which term policies? Are there any that have better conversion options?
Thanks!
If not, how would you explain it to them?
If so, how can you tell what options will be available with which term policies? Are there any that have better conversion options?
Thanks!