What's the Difference Between Convertible and Regular Term Insurance?

In this short clip from our podcast Dominic answers what the difference between a convertible and regular term insurance is.
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*This video is for entertainment purposes only and is not financial or legal advice.

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[_sports]

Does the money that your paid into the convertible policy transfer over when you switch to Over funded whole life insurance policy ? Or do you lose that money forever ?

[franklehane-safesavingsopt]

So often overlooked is TO WHAT is convertible term convertible? What are the current conversion options? It's no bueno if the conversion choices are sub-quality or lack other qualities with which a seasoned practitioner will be well familiar. Even the initial conversation to buy term in the first place needs to be pre-seasoned with this in-mind. Don't let expense be the driving motivation behind buying any particular term policy.