Start Of Main Content

Converting term life to whole life insurance

You realize the importance of life insurance and the value of the financial protection it provides. When you purchased your term life insurance policy from State Farm Life Insurance Company or State Farm Life and Accident Assurance Company (Residents of NY and WI only), you took the important step of providing protection for your loved ones for a specified period of time. However, have you considered the benefits of converting to a permanent life insurance policy?

Get a quote for term life insurance

Select a state

If you are interested in additional life products, please contact a State Farm agent.

Items needed for a quote

Benefits of converting term life to permanent life

  • Permanent life insurance, such as whole life, offers premiums that remain the same and provides your loved ones with protection throughout your lifetime provided premiums are paid as required.
  • A permanent life insurance policy builds cash value, which can be withdrawn or borrowed during your lifetime. Unpaid loans and withdrawals will reduce the guaranteed death benefit and policy cash value. Loans also accrue interest.
  • If you convert qualifying term life insurance to a permanent life or universal life insurance policy, the new policy's first year premium will be reduced. The amount of reduction is based on the premiums you have paid on your existing term coverage during the 12 months prior to converting. This offer is only available during the first five years of your term life insurance coverage.
  • You have the option of converting your term life insurance to permanent life insurance, regardless of your health or occupation, at any time prior to age 75 (subject to established minimums).

View more detailed information on the differences between term and permanent life insurance.

Don't miss this opportunity. Contact your State Farm® agent today to discuss why converting term to permanent life insurance might be your best option.



Each State Farm insurer has sole financial responsibility for its own products.

State Farm Life Insurance Company (Not licensed in MA, NY or WI)
State Farm Life and Accident Assurance Company (Licensed in NY and WI)
Bloomington, IL

IL - 359.3