Life insurance conversions

Generally, term insurance can be converted to permanent insurance, provided:

  • The conversion occurs prior to the final conversion date
  • The new policy meets product rules such as age limitations and product minimums.

Clients who convert part of their term coverage to permanent insurance can convert any remaining term coverage to an optional term benefit on their permanent policy, often without evidence.

Please review policy contract wording whenever possible. The policy wording determines the terms and conditions of the owner's contractual rights and will always be used to make a final decision on any type of transaction.

Policies or amounts under $50,000 can be converted to SunUniversalLife II only, as long as the entire amount is being converted.

Sun Lifetime Alternative is available for group conversions only.

For information about conversions, please contact salesdesk@sunlife.com