Sentences with phrase «convertibility refers»

Convertibility refers to the ability to «exchange or convert» your policy, without proving your health, for a whole life, universal life or more permanent form of life insurance that will offer you a level rate for a longer period of time usually your lifetime.

Not exact matches

Depending on your type of policy, you may be able to convert all or a portion of your policy into a permanent policy without having to prove your insurability (commonly referred to as a guaranteed convertibility provision).

You may want to look at the life insurance policy terms and conditions section that refers to «Conversion» or Convertibility Option»..