Sentences with phrase «conversion provision»

Finally, riders and other conversion provisions are subject to additional costs.

Because conversion provisions vary considerably, you should carefully read the conversion clause of any term policy you consider buying.

Most group plans offer some type of conversion provision built into the policy.

Some preferred structures include automatic conversion provisions where if the company is executing a Qualified Initial Public Offering above a certain valuation threshold, preferred shares are converted into common to enable selling in the secondary market following a public offering.

With respect to the too - big - to - fail problem, Yellen has already emphasized the need for tougher bank capital standards — and we'd be particular fans of greater openness to impose capital requirements in the form of convertible debt with mandatory conversion provisions.

However, a bond's term to maturity can be changed if the bond has a call provision, a put provision or a conversion provision.

Most policies in Canada also have a conversion provision, which allows you to convert all or part of the term policy into a permanent product.

With the conversion provision the insured has an opportunity to expand the coverage in accordance with the changing life circumstances and financial needs.

As to Q5, there may also be a conversion provision in the existing policy allowing for an exchange into a different contract, such as Universal Life, with the same company and no new underwriting if not asking for more coverage — have to read the contract to know for sure.

In general, the conversion provision according to which your initial Term Life coverage can be changed for a Permanent Life Insurance policy is a significant contribution to the initial coverage, as in addition to a longer - term protection you receive, the number of benefits and options available also increases.

A conversion provision allows the owner of the term life policy to convert from the term life insurance policy to a permanent life insurance policy during a specified period of time without having to show that the insured is in good health.

Convert the group life insurance policy to an individual life insurance policy if the policy has a conversion provision.