diff --git a/pkg/api/v1beta1/conversion.go b/pkg/api/v1beta1/conversion.go
index 134ec005876..c1186c42b51 100644
--- a/pkg/api/v1beta1/conversion.go
+++ b/pkg/api/v1beta1/conversion.go
@@ -794,6 +794,7 @@ func addConversionFuncs() {
 			if err := s.Convert(&in.Spec.Type, &out.Type, 0); err != nil {
 				return err
 			}
+			out.CreateExternalLoadBalancer = in.Spec.Type == api.ServiceTypeLoadBalancer
 
 			return nil
 		},
diff --git a/pkg/api/v1beta2/conversion.go b/pkg/api/v1beta2/conversion.go
index d3f063de097..be9800dc416 100644
--- a/pkg/api/v1beta2/conversion.go
+++ b/pkg/api/v1beta2/conversion.go
@@ -716,6 +716,7 @@ func addConversionFuncs() {
 			if err := s.Convert(&in.Spec.Type, &out.Type, 0); err != nil {
 				return err
 			}
+			out.CreateExternalLoadBalancer = in.Spec.Type == api.ServiceTypeLoadBalancer
 
 			return nil
 		},