Updated Term Conversion Dating Guidelines

We recently updated the policy dating guidelines on Principal Term conversions to ensure coverage from an existing Term policy into a new permanent life insurance policy is seamless. Here are the updated guidelines:

• Partial conversions – The existing term policy can be surrendered or adjusted on the monthiversary day. The new policy will be issued the following day.
• Full conversions – The existing term policy can be surrendered on any day of the month, other than the 29th-31st. The new policy will be issued the following day.
  Note that if the existing policy is paid by EFT, the EFT draw date for the new policy may occur on a different day than the previous policy.