Converting term life policies into whole policies are great opportunities for advisors to work with their clients to reevaluate coverage needs and secure permanent life insurance coverage when necessary. This month, Coverpath released in-platform partial term to whole life conversions for both existing Coverpath policies and policies that moved to Coverpath in the Sanderling Migration.

Previously, the process of converting term policies to whole life on Coverpath was manual and often resulted in the need to submit a new application. Now, advisors can execute full or partial face amount conversions by simply clicking a button in their Coverpath Case Center. Once the advisor submits the conversion request in Coverpath, the Customer Care Team will send documentation to advisors to review and ensign. After the advisors esigns, the client will receive an email to ensign as well. Once the signed forms are received, the conversion will be processed within 24 hours. Advisors can also easily execute partial conversion illustrations for inforce term polcies.

To help make the conversion process as seamless as possible, Ni Nguyen recorded a brand new Tips Under 10 video that walks through how to start the conversion process in your Case Center.

Give Us Your Feedback!

Have an idea to improve a feature on Coverpath? We want to hear from you! To provide feedback or request new features, go to the “What’s Ahead” section on hub.coverpath.com and click the “Send General Feedback” button.

Insurance products on the Coverpath platform are issued by Massachusetts Mutual life Insurance Company (MassMutual), Springfield, MA 01111-0001.  Not all products are available in all states.  State variations may apply. 

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