Security Mutual Life has introduced a new term life insurance geared toward clients who need permanent coverage, but for whatever reasons, opt for term to begin with.

In addition to the basic conversion right that comes with Security Mutual’s level term products, the new term product includes the option of adding an enhanced conversion feature for an additional charge. The feature allows the policyowner to convert up to 50% of his or her term coverage during each of three time periods, each ending at the second, fourth and sixth policy anniversaries.

The policyowner who elects to convert the maximum amount of coverage using the enhanced and basic conversion options can end up with a permanent life insurance face amount of 250% the term face amount.

This product is not available in all states. Visit www.smlny.com for more info.