Safe Harbor TermTM Conversions
When your clients need permanent insurance, Term Conversions present a great opportunity.
During the conversion period, Safe Harbor Term policies may be converted to a permanent policy without new medical requirements. Upon conversion, the new policy will have the same underwriting classification as under the term product. All non-tobacco and tobacco underwriting classes will be converted to the Remembrance Life preferred (non-tobacco) and standard (tobacco) underwriting classes, respectively.
This section contains the links to resources necessary to provide quality and timely service to your clients.
Safe Harbor Term Conversion Periods
|Product||In the first year|
|10 year||5 years|
|15 year||7 years|
|20 year||10 years|
|30 year||10 years|
Permanent Products Currently Available For Conversion
|Term Product||Permanent Product|
|Safe Harbor Express 10,15, 20 or 30 year||Nassau Remembrance Life|
|Safe Harbor 10, 15, 20 or 30 year|
Things you should know
Be sure to review product materials for information regarding the permanent product you are applying for.
The new policy will be issued with any riders available for that plan. Any riders on the policy being converted do not necessarily carry over upon conversion. For example, a Safe Harbor policy being converted to Remembrance will be issued without any Accelerated DBR’s.
Convert part or all of an eligible term life insurance policy to a permanent policy
Term Conversion Application in AK - OL4776AK
Term Conversion Application in CA - OL4776CA
Term Conversion Application in FL - OL4776FL
Term Conversion Application in MA - OL4776MA
Term Conversion Application in ME - OL4776ME
Term Conversion Application in NY - OL4776NY
Need to Talk to Someone?
Please call us at 1-800-541-0171. Available Monday - Friday, 8:30 a.m. to 5:00 p.m. ET.