Can I switch my policy from term insurance to permanent insurance?

It is possible to switch from term insurance to permanent insurance, but this process depends on the specific details of the policy and the insurer's guidelines. Sun Life Financial generally allows policyholders to explore options for converting term insurance to permanent coverage, as this can provide long-term benefits such as cash value accumulation and lifelong protection. However, it is important to note that there may be certain requirements, such as eligibility criteria and potential changes in premium costs. Additionally, when considering such a transition, it would be prudent for the policyholder to assess their current financial situation, future needs, and preferences regarding coverage. Each situation is unique, so gathering all relevant information is essential. For the most accurate guidance and options tailored to a specific policy, individuals should refer to the current web page for contact information or consult with a licensed insurance professional who can explain the options available for switching policies.