I agree with the idea that converting the term policy to a permanent life insurance plan may make sense at some time in the future. But, as long as you still have temporary needs for a largere amount of protection to pay off the mortgage, or pay college tuition for the kids, etc, it makes sense to continue with term insurance. But remember, term insurance is temporary, and when the need ends, you may want to re-think your life insurance plan. You can learn more about term insurance at http://www.term-life-online.com