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Northwest Mutual InsurancePosted on March 4, 2010. Can I convert a variable Northwest Mutual Life Insurance policy to a policy of life insurance? I joined the political cost of variable life insurance while I was doing a lot of money. Now that my income has dropped, the plane of the variable is too expensive. I have some health problems that prevent me from obtaining a reasonable rate on a new term life policy. Is it likely that NW life will allow me to convert to end the standard of health "that he used to sign up 15 years ago? Variable Life Insurance is not a good option, especially in economic times like now because of the possibility of it returning to haunt you like in your case. Most likely, you will not be able to convert to a product term because of the definitions and terms in most life insurance contracts. You may need to make a new application that is not the best option because you say your health is not too good. Now it has been 15 years since your policy is in force, and depending on the product performance of variable life, you may have some significant cash values from which you can make money and make choices accordingly. No, it is extremely unlikely that lets you convert a term policy right. You can redeem the 1st, then get the word No. CommentsThere are no comments.Leave a Comment |