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Monthly Archive for: ‘April, 2014’

Converting Term Life to Permanent Life Insurance

Recently, I was asked by several clients if they should “convert” their life insurance policies and if there is any benefit in doing so. Conversion does have its benefits, but can also have some disadvantages. What do we mean by “conversion?” It simply means transitioning a term (temporary) policy to a permanent (typically cash-building) policy. The majority of life insurance …

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