When a term policy is ending, you can keep it, convert it if your policy allows, replace it, or let it end.
It may be worth exploring if you:
Another approach may fit better if you:
A review covers those other options too. Any recommendation comes only after an individual suitability review.
A death benefit designed to last your lifetime, generally paid to your beneficiaries income-tax-free.1
What to know: Coverage continues while the policy stays in force.
Pacific Select Harbor VUL works three ways: protection, long-term growth potential and living benefits. See all three →
A couple in their late fifties have a term policy that ends in a few years. Their children are grown, but they still want to leave something behind.
In a review, they compare four options: keep the term policy until it ends, convert it if their policy allows, replace it with permanent coverage, or let it end. Each option is weighed for cost, health questions and what it leaves for their family.
This example is fictional and for illustration only. It is not a real client and shows no policy values, premiums or results. Your situation, and any recommendation, would be reviewed individually.
See it with your own numbers. Premiums depend on your age, health and the amount of coverage, so this page shows no prices. Your personalized illustration, prepared in a consultation, shows them. Request a consultation →
A VUL policy is a variable product. The current prospectus describes the policy's features, charges, investment options and risks in full. Ask Markist for the current prospectus and review it carefully.
A review compares these with Pacific Select Harbor VUL, so you can choose what fits.
Coverage continues at today’s premium until the term ends. It builds no cash value and stops at the end of the term.
Some term policies allow conversion to permanent coverage with the same insurer by a deadline. Check your policy for its terms.
A new term policy may cost less than permanent coverage, but it ends again, and your age and health affect the price.
That depends on your current policy and insurer. Conversion usually means a policy from the same insurer, by a set deadline. Check your policy or ask Markist to review it with you.
A new policy is subject to underwriting, which may include health questions or an exam. Your age and health affect the cost.
No. Keep your current coverage until any new policy is issued and in force.
A free 30-minute consultation, with the costs, risks and alternatives explained. Or watch the matching chapter of the free workshop first.