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When I was in my 30's I purchased a $100,000 20 year term life insurance policy through Protective Life.  Because I was in excellent health, I was given the best preferred rate class.  I'm in my 50's now, and if I were to apply for insurance today, I probably wouldn't get that same preferred rate class. 
That 20 year term policy will expire in a few years.  Before it expires, I will be taking advantage of my option to convert"the policy to a permanent universal life policy, at the same preferred rate class I got when I was in my 30's!  Plus I don't have to go through medical underwriting since I'm converting my term policy.  Also, Protective Life has an ExtendedCare rider I can include that will give my family a monthly benefit of $4166 for 2 years if I need long term care.  My monthly premium would be $160, and is well worth the piece of mind it will give me.  This little life insurance policy is turning out to be a real life saver! 
If you're worried about your life insurance or long term care needs, let's take a look at your current life insurance plans to see if you have any conversion options you can take advantage of. Call me for a free life insurance review.  

Maggie Nessim, CIC
Faller Insurance Agency
Posted 2:36 AM

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Warren Stahmer said...
Your Term Insurance article was very informative! Im too old now to buy at a reasonable price. I should have bought 30 years ago like you did.
WEDNESDAY, APRIL 06 2016 6:52 AM

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