Conversion or convertible term life insurance is term life insurance that allows for the insured person to convert a term life policy to a permanent life insurance plan.
The privilege to convert from term to permanent life insurance must be completed before a specific age of the insured as stated in the conversion privileges section of the life insurance policy.
In this instance, a term life insurance policy allows the insured to convert the term policy to a permanent life insurance plan regardless of the insured's physical condition and without a medical examination.
The insured person cannot be denied coverage or charged an additional premium for any health problems.
Learn more about convertible term life insurance.
The privilege to convert from term to permanent life insurance must be completed before a specific age of the insured as stated in the conversion privileges section of the life insurance policy.
In this instance, a term life insurance policy allows the insured to convert the term policy to a permanent life insurance plan regardless of the insured's physical condition and without a medical examination.
The insured person cannot be denied coverage or charged an additional premium for any health problems.
Learn more about convertible term life insurance.
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