What type of life insurance starts as temporary coverage but can later be modified to permanent coverage without evidence of insurability?

Convertible term life insurance is specifically designed to provide temporary coverage that can later be converted to a permanent policy without requiring the insured to provide evidence of insurability. This feature is significant, as it offers policyholders the flexibility to transition to a more permanent solution as their needs change, without the risk of being denied based on their health status at the time of conversion.

During the term of a convertible term policy, the insurer agrees to let the policyholder switch to a permanent plan, such as whole life or universal life, typically at specified intervals. This is advantageous for those who may develop health issues or become uninsurable while holding a term policy, as they can secure lifetime coverage without having to undergo medical underwriting.

The other types of life insurance mentioned do not offer this specific feature: whole life insurance is inherently permanent from the start, term life insurance is strictly temporary with no conversion feature unless specified, and universal life insurance primarily provides flexibility in premium payments and death benefits but does not inherently provide a conversion feature from a term policy.