20 Year Renewable & Convertible Term

The 20-Year Term solution offers a good mid-term alternative.  Your premiums will increase every 20 years and the contract is designed to expire at age 80 or 85.
This is an excellent product that meets mid-term temporary needs.  Current premiums and future premiums are guaranteed until a predetermined age when the contract expires.
The contract does allow for “conversion” while you, the insured, are allowed to exchange the contract for one of a more permanent nature without having to prove good health.  The conversion to permanent coverage must take place prior to ages defined by the individual insurer.
Keep in the mind the Fram commercial “pay me now or pay me later”.