Meaning Convertible Term Insurance Policy
What does Convertible Term Insurance Policy mean? Here you find 2 meanings of the word Convertible Term Insurance Policy. You can also add a definition of Convertible Term Insurance Policy yourself

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Convertible Term Insurance Policy


an insurance policy that can be converted into permanent insurance without a medical assessment. The insurer is required to renew the policy regardless of the health of the insured subject to policy c [..]
Source: naic.org

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Convertible Term Insurance Policy


A term life insurance policy that gives the policy owner the right to convert (or exchange) the policy to a permanent plan of insurance.
Source: lgamerica.com




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