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Saul L. Appel, CLU, ChFC

Term Life Insurance May Have Value Before It Expires

Some convertible term life insurance policies may have settlement value before the conversion deadline passes.

Published July 16, 2026

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Term Life Insurance May Have Value Before It Expires

Many people think term life insurance has no value unless someone dies during the term.

That is not always true.

Some term policies can be converted to permanent insurance before the conversion deadline. If the insured is older or has health issues, that conversion right may create settlement value.

The policy may not have cash value, but the right to convert it can still matter.

Before a term policy expires, lapses, or reaches the end of its conversion period, it should be reviewed.

Once the conversion deadline passes, the opportunity may be gone.

Visit Policy-Cash.com for a free policy review.


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Saul L. Appel, CLU®, ChFC® | President, Appel Financial, Inc. | 50+ years experience 617-610-1898 | appelfinancial@gmail.com | www.appellifesettlements.com