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Converting term life insurance to whole life insurance is a fairly simple process. The insurance carrier will not charge a fee to switch you to permanent life insurance, but it will increase your premium rate.


The average Canadian male and female has a body mass index (BMI) of 27.4 and 26.7, respectively. Most overweight people can still qualify for affordable life insurance rates, provided they do not have underlying health conditions.

Underwriting helps insurers figure out the financial risk a person poses to them, by gathering details about an applicant and using an actuarial table to calculate how long they are likely to live.

