Converting a term life insurance policy to a whole life insurance policy is a viable option for those who wish to secure lifelong coverage. This process, known as a term-to-whole life conversion, typically allows you to switch your policy without undergoing a medical exam. This is beneficial if your health has declined since you first purchased the term policy, as it ensures you can lock in lifetime coverage without the risk of being denied due to health issues. The conversion process generally involves notifying your insurance company of your intent and selecting a whole life policy that suits your needs.