In this episode of Living Wealthy, host Nick Poppe shines a spotlight on one of the most underrated—and often overlooked—financial tools: convertible term life insurance.

Nick explains what makes it different from standard term life: the option to convert into permanent coverage later without redoing medical exams or underwriting. That flexibility can be a game-changer if your health or financial situation changes.

He breaks down:

• Why convertible term is an affordable way to maximize your human life value early on.

• How it creates future options for permanent coverage, cash value, and legacy planning.

• Common misconceptions, like thinking conversion costs the same as term or that permanent insurance is only for the wealthy.

• Practical uses, from protecting your family to business succession planning.

• A personal story of how Nick and his wife Brooke benefited from having convertible term in place during a health crisis.

Ultimately, Nick emphasizes that while convertible term might cost a few dollars more than plain term, the flexibility, peace of mind, and ability to lock in your insurability make it one of the most valuable yet underappreciated products in personal finance.

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Learn more about the power of guaranteed income for retirement and get your Lifetime Guaranteed Income Guide: https://www.bankonyourself.com/guaranteed-lifetime-income-consumer-guide?wp_src=NP43A&srcp