Convertible Term Insurance
Term life insurance which may: 1) be converted into cash value insurance (USA) or may be the conversion of term assurance into an endowment assurance (UK); 2) converted into a permanent insurance policy at the option of ...
Convertible Term Insurance:
This type of insurance can be exchanged (converted), at the policy holders option, without evidence of insurability, for a permanent insurance policy.
Common Disaster (Insurance): ...
Convertible Term Insurance - Term insurance which can be exchanged (converted), at the option of the policyowner and without evidence of insurability, for a permanent insurance policy.
Convertible Term: Term life insurance which can be converted to any permanent or whole life policy without evidence of insurability subject to time limitations.
Convertible Term Insurance: Term insurance that a policyholder may exchange for another type of coverage without providing evidence of insurability.
Convertible Term. Term life insurance which is convertible into whole life without showing insurability.
Conversion Costs. The costs required to convert raw materials into finished product; including direct labor and overhead.
Convertible term
A convertible term life insurance policy can be converted into a permanent life policy at some point in the future without requiring you to pass a health screening exam.
Convertible Term Assurance
This is the same as a level term assurance except that it has the additional benefit of being able to convert to another type of contract at any time whilst the policy is in force.
convertible term life insurance
whole life insurance
guaranteed purchase option
guaranteed renewable contract (life or health)
policy purchase option ...
CONVERTIBLE TERM LIFE INSURANCE
Some term life policies have the option of converting into a permanent insurance plan regardless of the current health of the insured. Often this option is available during a limited period of time.
Flexible
Most term policies are very flexible, allowing for both renewable (you can renew for another term policy without a medical exam) and convertible terms (convert your term policy into a universal policy).
The agreement requires that premiums are paid on time and that the insurer makes no changes except if a premium change is made for an entire class of policyholders. also called guaranteed renewable or convertible term insurance or guaranteed ...
Convertible term. For a higher premium than regular term, a convertible policy can be rolled into a whole-life, or cash-value, policy without your having to meet medical standards at the time of conversion.
convertible term insurance An insurance policy in which the insurer is required to renew the policy for... convex Bowed, as in the shape of a curve. Generally refers to the price/yield relationship for interest-bearing bonds.
 See also: Term insurance, Cash value, Life insurance policy, Saving, Surrender value
  
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