Converting life insurance to annuities is a financial strategy that involves transforming the death benefit of a life insurance policy into a stream of income through an annuity contract. This ...

What Are Term Life and Whole Life Insurance? Term life insurance is a type of life insurance policy that provides coverage for a specific period known as the term. If the policyholder dies within this ...

Many term life policies let you switch to permanent coverage, like whole life or universal life, without undergoing a medical exam. Your conversion window won’t stay open forever, so grab your policy ...