Complete Financial Questionnaire

Life Insurance Medical Free Conversion Option | Explained

life insurance conversion option with a convertible care

Why do life insurance companies have to make everything so complicated?

Instead of using simple words, they try their best to confuse us with jargon and waffle.

This is especially true when it comes to the life insurance conversion / protection continuation / convertible cover / guaranteed cover again option.

Yep, they all mean exactly the same thing


So what the hell is it and should you buy it?

That’s what we’re going to cover in this page:

What the hell is a life insurance conversion option?

or you could ask what happens when my life insurance policy comes to an end?

Let’s say you take out a life insurance policy when you’re in perfect health.

As you get older you get a few niggles.

You reach the end of your life insurance policy term and realise you’d like to extend it. Your life insurer could refuse because of your new health issues.

You’re left without cover when you’re most likely to need it.

The conversion option protects you from this situation:

Should you add protection continuation to your policy?

Hell yeah!

Who knows what the future holds? If you get sick, the life insurance conversion option is your get out of jail free card.

You show it and the life insurer has to extend your cover even if you’re seriously ill.

Don’t even think about it, ADD IT TO YOUR POLICY.

I believe in it so much, I’ll ask you to sign a waiver if you don’t add it!

How much does the conversion option cost?

It depends on how much cover you’re buying, the insurer you choose and your age.

You can quote for life insurance with the conversion option (continue cover option) and without on our life insurance quotes system.

Which insurer is best for convertible life insurance?

friends first v zurich life

There are two companies I recommend for convertible life insurance:

  1. Friends First
  2. Zurich Life

Let’s look at them one by one:

Why Friends First for convertible life insurance?

Friends First are the only insurer who allow you to convert your policy to a reviewable whole of life insurance policy.

As you can tell from that article, I don’t like reviewable whole of life policies but if you hit 65 and have major health issues, this is the only way you can guarantee life insurance for the rest of your life.

Why Zurich Life for convertible life insurance?

If you go into long term care when you are older, Zurich Life are the only company that will allow you to convert your life insurance policy into an annual long term care plan.

Let’s look at an example:

Two more reasons to choose Zurich:

  1. Zurich are best when it comes to the maximum age you you can buy convertible term insurance – up to age 64 (other insurer limit to age 59)
  2. And they are generous when it comes to the maximum age you can convert your policy – up to age 82 (other insurers limit to age 64)

Over to you…

As you can see, when it comes to the life insurance conversion option, all insurers are NOT created equally.

But now you know enough to make the right decision for yourself

I know this article wasn’t the easiest read so if you’d like some help or would like me to clarify anything, please get in touch

Nick McGowan | making life insurance easier

Get in touch

057 93 20836

Ask a question


Don’t know where to start?

Have a nose through our free life insurance guides

View our guides

Life Insurance Quotes - Free and Easy!

As Ireland's leading life insurance broker, we specialise in comparing the rates and policies from the top five Irish life insurance providers and offering the very best value quotes to suit the individual needs of our clients. Our expertise lies in finding a suitable insurance plan for those with specific needs, be it a particular illness, occupation or claim history, we've got you covered in every sense!

Watch our video