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TERM CONVERSION Upgrade your protection

Term life insurance plays an important role in protecting your loved ones during a critical period of time. But what happens when your needs extend well into the future? At New York Life, you can convert your term insurance to permanent or long-term protection without a medical exam, so you can be sure your life insurance coverage will continue to meet your evolving needs.1

Keep your loved ones safe, now and into the future

When you convert your term life insurance, you’ll do more than just extend your coverage—you’ll also gain a flexible financial asset. It can build cash value, which you may access for college funding, a down payment on a house, extra income for retirement, or for emergency expenses. 2

Though life is unpredictable, you can rest easy knowing that with long-lasting protection like whole life insurance, your family's future can be safe and prosperous. 

Universal life is another option that can offer you long term insurance. Give your agent a call to find out how.

Why choose whole life to secure your family’s future?

A guaranteed benefit

Our permanent life insurance lasts your whole life, securing your family’s financial future.3

Tax advantages

Not only are permanent policies tax-deferred, but the cash value is also yours to use during your lifetime—and it’s accessible tax free.2

Dividends and value

You’ll build cash value over time, and dividends can be re-invested to increase your coverage and equity.4

A closer look at the benefits of whole life

Let us show you how whole life can improve your life.

Upgrade now to protect your family for life

Conversion Credit

No medical exam is necessary to upgrade your coverage.


The earlier you perform a term life insurance conversion, the lower your premium payments will be.

Good value

When converting term life insurance to whole life insurance, New York Life lets current term policy owners apply money they’ve already paid to lower the cost for their first year of permanent protection.5

You want nothing but the best for your family. So do we.

Connect with an agent to discuss whole life.

Learn more

There’s a lot to life insurance. Here are more resources to help you make an informed decision about whole life insurance or universal life insurance.

1Conversion guidelines and limitations, such as timing, may apply.

2Accessing cash value will reduce the available cash surrender value and life insurance benefit. There may be tax implications for policies recognized as modified endowment contracts (MEC) or if you partially surrender your policy such that the partial surrender exceeds the cost basis of the policy. Distributions including loans from a MEC are taxable to the extent of the gain in the policy and may be subject to a 10% additional tax if the owner is under age 59 ½.

3As long as premiums are paid and the whole life insurance policy is kept in force. All guarantees are backed by the claims paying ability of the issuer.

4Dividends are not guaranteed.

5Available during the first five years of your term life policy.

The policy form number for New York Life Whole Life Series of products is ICC18217-50P (4/18). SMRU: 1848116