Sentences with phrase «additional evidence of insurability»

Convertibility provisions permit the policy owner to exchange a term contract for permanent coverage within a specific time frame without providing additional evidence of insurability.

Convertible Term allows the policyholder to convert from the Term policy to a Permanent Life Insurance policy without additional evidence of insurability.

The right to convert a term policy to a permanent plan for the equivalent amount of coverage without having to provide additional evidence of insurability.

This means that the policy's owner has the right to change it into a permanent type of life insurance without additional evidence of insurability.

Some Renewable Term Insurance policies include a provision according to which your policy can be converted to a permanent type policy offered by the same insurance company without any additional evidence of insurability.

Often, insureds are allowed to convert their term life insurance coverage over into a permanent life insurance policy without having to take a medical exam or even provide any additional evidence of insurability.

The Principal offers this feature on many of its term life insurance policies — and the insured will not need to provide additional evidence of insurability.