Meaning Convertible term insurance
What does Convertible term insurance mean? Here you find 15 meanings of the word Convertible term insurance. You can also add a definition of Convertible term insurance yourself

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Convertible term insurance


Term life insurance that can be exchanged (converted) for a permanent life insurance policy without having to qualify for coverage with another medical exam or risk assessment.
Source: allstate.com (offline)

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Convertible term insurance


A term life insurance policy under which the policyholder has the right to convert the policy to permanent life insurance, subject to limitations. Several factors will affect the cost and availability of life insurance, including age, health, and the type and amount of insurance purchased. Life insurance policies have expenses, including mortality [..]
Source: sungardeninvestment.com (offline)

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Convertible term insurance


Definition An insurance policy in which the insurer is required to renew the policy for a specified amount of time regardless of changes to the health of the insured. The agreement requires that premi [..]
Source: investorwords.com

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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 poli [..]
Source: erieri.com

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Convertible term insurance


Term life insurance that, by its provisions, is convertible to permanent life insurance without evidence of insurability. See Term Life Insurance.
Source: conning.com (offline)

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Convertible term insurance


Term insurance which can be changed into a permanent policy without further evidence of insurability or medical examination.
Source: apt-finance.com

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Convertible term insurance


An insurance policy that allows the policyholder to convert the face amount of coverage in term insurance to an identical amount of whole life insurance.
Source: fountaincpa.com

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Convertible term insurance


A term life insurance policy under which the policyholder has the right to convert the policy to permanent life insurance, subject to limitations. Several factors will affect the cost and availability [..]
Source: snbinvest.com

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Convertible term insurance


Term insurance that can be exchanged, at the option of the policyholder and without evidence of insurability, for another plan of insurance.
Source: einsurance.com

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Convertible term insurance


A type of term life insurance that gives the policyowner the right to convert the term policy to a permanent life insurance policy.
Source: maritimefinancial.com (offline)

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Convertible term insurance


A type of term insurance that allows you to exchange the term insurance policy for a permanent life insurance policy (whole or universal) without having to take a new medical exam. The premium rate is normally based on the age of the insured at the time of the conversion.
Source: transamericadirect.com (offline)

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Convertible term insurance


Term Insurance which can be exchanged, at the option of the policyholder and without evidence of insurability, for another plan of insurance.
Source: sanchez-insuranceinc.com

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Convertible term insurance


A term life insurance policy under which the policyholder has the right to convert the policy to permanent life insurance, subject to limitations. Several factors will affect the cost and availability [..]
Source: navigationfinancial.com

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Convertible term insurance


A term life insurance policy under which the policyholder has the right to convert the policy to permanent life insurance, subject to limitations. Several factors will affect the cost and availability of life insurance, including age, health, and the type and amount of insurance purchased. Life insurance policies have expenses, including mortality [..]
Source: assetgroup.us (offline)

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Convertible term insurance


Term life insurance that can be converted to a permanent or whole life policy without evidence of insurability, subject to time limitations.
Source: mohlmanassetmanagement.com (offline)





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