Have You Converted Term to Whole or Permanent Life Insurance?

*My 1st concern is for our clients to be properly insured and the proper amount. I always do what is best for our clients.
Scenario: You had a term life insurance policy and converted (meaning the term life policy has now become an universal or whole life policy). Now, you would to like to know if you may convert back to term? While it is hard for me to tell someone that all permanent insurance policies are expensive, its a given that whole life policies are in fact expensive. In addition, variable life insurance policies (meaning there are life policies that are linked indirectly to the S&P, etc) with regard to the consumer-confidence in America may not be an option for every buyer.
As the article points out, no there is no such thing as converting back to term life insurance. What has to be done is a new term life insurance application needs to be completed. Be careful here!
Let's say you had a twenty-year term life policy taken out at age 30. You are now 45. Applying for the new term policy is based on age-45 or 46. That means you will pay for term rates at age 45 or 46, which obviously is higher than when you were 30. The are a few complexities to seek expertise from a professional that should bring you up to speed on your concern.
For now, I'll end this topic. I'll end in agreement with a great point from Mr. Hungelmann's article, "Believe me when I tell you that your surviving spouse and children are not going to care what kind of life insurance you had. They are only going to care about how much life insurance you had."

http://www.bankrate.com/finance/insurance/undo-term-life-insurance-conversion.aspx