These options can be attached to your basic term life insurance policy contract to customize and enhance your policy so it can meet your needs. (lifeinsuranceblog.net)
As an example, a minor child or an individual who is not mentally competent would not be able to legally enter into a binding life insurance policy contract. (insurancescored.com)
However, you may need to notify your insurance company of your conversion request by a specific date stated within your term life insurance policy contract. (term-life-online.com)