Switching from Term Life to Whole Life?

Hi, this question is for my dad who just turned 69 a couple months ago. He is currently purchasing term life for $100,000 at a premium of over $800 a year until he turns 75. He does have high blood pressure and diabetes that are under control. At this point, it seems thankfully that he will live past 75 so we were just wondering if it is feasible to switch to whole life or universal life for similar amount of benefit.

I know nothing about the subject except that with whole life or universal life you do not have to worry about "dying too late". At this point I am overwhelmed by the different
Source of insurance-forums.net

Comments