Looking for a quick burst of income? There are currently more than 36,000 Symetra term life insurance policies that are eligible to receive a conversion credit towards a Symetra Universal Life policy. You can tap into another source of income from your existing block of business by helping a client convert a term life policy into any Symetra permanent life policy for a full commission.¹ Assuming an average premium of $3,000, converting just ten accounts can provide a comfortable boost to your income.

When people first purchase life insurance, many purchase term for the simple reason that it fits their budget. However, as their life circumstances change, many of your clients may be able to afford the advantages of a permanent policy, but may feel they're locked into their term policy for the duration. Symetra's term-to-permanent conversion credit program may be just the solution. We make it easy, plus, we'll offer your clients an incentive to switch.

Symetra is now offering conversion credits as an incentive to convert qualifying term policies to Universal Life policies, paying up to 100 percent of the annual term premium into the new policy if the policy has been in force for at least 4 years.

Symetra makes it simple
Your Symetra term policy owners recently received notification that they may be eligible for the new term conversion credit. However, to best communicate how this can benefit your clients, you may want to consider the suggestions on our web site for personally following up.

On our How to Convert Term site, you'll find customizable follow-up letter templates, voicemail scripts, and other information that will help you explain the benefits of conversion.

When you're ready to act:

1. Contact your eligible term policy holders (call us if you need a list).
2. Run a UL illustration. And,
3. Submit a Life Application, part I (if eligible, no exam or medical questions required).

It's that easy. Our term-to-permanent conversion guide outlines the complete process. More information and training is also available via the Sales Center at invest@symetra.com or 1-800-706-0700.

Why should your clients convert?
Many clients - especially younger families - opt for a term life insurance policy because of the lower cost. However, as people age, even common problems such as high blood pressure, diabetes or weight gain may make term insurance prohibitively expensive or inaccessible when the time comes to renew. If a client keeps the policy until death, a permanent policy may actually be less expensive than a term policy.

Purchasing a term life policy doesn't close the door on permanent insurance. All of Symetra's term life policies are fully convertible up to age 75. This option often appeals to young people who may be unable to afford permanent insurance now, but who want to leave the door open to covering those permanent needs and protecting future insurability.

Another benefit of converting from term to permanent is the accumulation of equity. Unlike term insurance, with each payment to permanent life insurance policy, clients are accumulating cash value (equity) that can be used as collateral for a loan to fund a child's college education, a vacation home, or a medical emergency. Like home-buying, it can make more financial sense to "own" a permanent policy than to "rent" a term policy.

For more insight, read Convertibility Matters on our web site. To learn more about policy conversions and commissions, contact the Sales Center at invest@symetra.com or 1-800-706-0700.