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Products available for conversion

Conversion from individual insurance to individual insurance

Conversion from term insurance to permanent insurance


The term life insurance conversion option can be exercised for all our lines of eligible life insurance products.

Here’s the list of universal life products available for term products conversion:

Here’s the list of participating life insurance products available for term products conversion:

Available dividends options

Conditions for eligibility to convert term life insurance or to exercise a guaranteed insurability option (GIO) into participating whole life insurance with the following options:

PUA and enhanced insurance Annual premium reduction, cash payment and dividends on deposit
  1. No extra premium on term life insurance
  2. The initial death benefit amount (including the enhanced insurance option) cannot exceed the death benefit amount of the term life insurance.
  3. Age eligibility: according to the new policy’s conditions
  1. The initial death benefit amount cannot exceed the death benefit amount of the term life insurance
  2. Age eligibility: according to the new policy’s conditions

When a term life product allows for a conversion to a permanent product and there are neither specific clauses nor restrictions in the original contract, then the conditions mentioned above are applicable. However, a few older contracts may have restrictions and clauses preventing such a conversion. Therefore, it is important to treat these situations on a case-by-case basis, as to not give the client the wrong information. Please check with the head office by providing the contract number in order to proceed to verification.

Evidence of insurability is required to add Additional Deposit Option (ADO) if a term policy has been in force for more than 5 years. Please Fill out the Add or change Additional Deposit Option (ADO) form.

ADO is not available if an extra premium applies to the term policy.

Consult the list of Harmony and Health Priorities products available for conversion.

Learn more

Conversion for group insurance into individual insurance

Conversion for group insurance or line of credit into individual insurance

Even if a client has a preferred rate (non-smoker) for their group insurance, they'll only be offered the regular rate when they convert their coverage. To get a preferred rate, they'll need to submit a new application for insurance and provide proof of good health.

Even if a client has a preferred rate (non-smoker) for their group insurance, they'll only be offered the regular rate when they convert their coverage. To get a preferred rate, they'll need to submit a new application for insurance and provide proof of good health.

Even if a member or client has a preferred rate (non-smoker) for their group insurance or line of credit, they'll only be offered the regular rate when they convert their coverage. To get a preferred rate, they'll need to submit a new application for insurance and provide proof of good health.

Here is the critical illness product available for group insurance conversion: