Not exact matches
Convertible
term life insurance is typically a
normal level
term policy that has the option to convert the
policy into permanent
insurance by the end of the
term or by a specified age, such
as 70.
A
term policy is a very cost - effective measure to save your family, even if the
term insurance does not promise any significant returns and there is no other add - on and additional benefits for the policyholder
as they get in the
normal and regular
life insurance covers.
As is also the case with
normal term life insurance policies, policyholders of return of premium
life insurance policies often outlive their loan
terms.
There are some companies out there that will attempt to sell you a
term life insurance policy, and they will make it appear
as if its
normal burial
insurance policy.
First, this
insurance policy will last until you die and offers many of the standard
terms as seen with
normal whole
life policies.