From straightforward coverage to affordable premiums, term life insurance is an easy option for many Singaporeans in need of life insurance. However, there may come a time when you want to consider investing in a whole life insurance plan instead. Whether it's switching providers after your term life insurance policy is over or taking advantage of your current provider's conversion option, switching from term to whole life is entirely possible and potentially the right choice to make. Here's 4 reasons why you may consider converting your term life insurance to whole life insurance. You Want To Provide Long-Term Financial Protection To Your Dependents Unlike term life insurance, whole life insurance covers you and your dependents for life, meaning until the age of 99 or death. When you die, your life insurance nominees are guaranteed a lump sum payout which can help cover the costs of any medical debt that incurred in your last years of life, for instance....