You can convert some or all of your term policy anytime before
the conversion expiration date in the term life insurance policy.
You can decide when and how much of the coverage to convert (as long as it's before
the conversion expiration date.)
If you have a term insurance policy and
your conversion expiration date is approaching and you want to be insured for a longer period of time, you have two options: convert to a permanent policy or buy a new policy.
Also be sure to take note on when your term policy's
conversion expiration date is.
You can decide when and how much of the coverage to convert (as long as it's before
the conversion expiration date.)
Not exact matches
Each term
conversion rider has an
expiration date.
Because some carriers have
expiration dates on
conversions, you need to keep track of that deadline and keep in mind that you will need time for processing the paperwork.
The processing must also be completed before the
expiration date; most carriers do not have
conversion grace periods.
Each term
conversion rider has an
expiration date.
Because some carriers have
expiration dates on
conversions, you need to keep track of that deadline and keep in mind that you will need time for processing the paperwork.