Why is Haven Life policy non-convertible to a permanent life insurance policy?

Haven Term can not be converted to a permanent life insurance policy. We believe in simplicity and affordability. As an overwhelming majority of people never opt to convert, as it requires a significant increase in premium payments, we decided to not make this a feature of our policy. It also would make the policy more expensive!

We do support renewability after the policy term ends, which allows you to continue with your term insurance with no medical examination, but the rate will be much higher.

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