Plus term life conversion option allows the term to be converted to whole life, universal life or variable life insurance. (insuranceandestates.com)
Basic term life conversion option is for someone who has no plans to convert their policy and just wants the inexpensive death benefit protection term offers. (insuranceandestates.com)
In their case they were both approved at preferred plus rates on their term insurance but the best rate available for the whole life conversion is a standard rate class. (hinermangroup.com)