Available for issue ages 18 to 85, you can renew coverage or convert so long as buy additional Convertible and Renewable rider options. The base policy is not renewable and not convertible. To apply, you must call an independent insurance agent.
The minimum coverage amount is $100,000.
However, premiums will become more expensive each year you renew. Most people will not be able to afford this type of coverage, so we caution against applying for this product.
Customers can convert to permanent, or whole life insurance, without taking another medical exam, so long as they add the Convertible rider.
If you want to add more options to your One Year Term policy, you’ll need these riders:
- Convertible rider. Lets you convert to Brighthouse Conversion Whole Life after the first year.
- Renewable rider. Allows you to renew your coverage by the year up to five years.