Sentences with phrase «convert term life insurance»

In addition to creating a hybrid policy, you may also have the option to convert your term life insurance coverage into permanent coverage.

Did you know that you can convert your term life insurance to a permanent plan with no proof of insurability?

A convertibility clause gives you the right to convert your term life insurance over to permanent life insurance without having to have a medical examination.

For assistance choosing whether to convert your term life insurance to whole life or some other permanent policy, contact an independent agent in the Trusted Choice network.

Attained age conversion is a point in time on a term life policy when the policyholder has attained the agen where they have the right to convert the term life insurance policy into a permanent whole life or universal life policy at their election and without having to take a paramedical exam.

It gives you the right to convert your term life insurance policy to a whole life policy, either at any time during the initial term, or at certain points during the term.

It's a contractual obligation that allows the policyholder to convert their term life insurance policy into a permanent life insurance policy, without reproving their health or completing an exam.

For example, if Barry still wants life insurance for his final expenses after age 64, he can decide how much coverage he needs, and convert his term life insurance policy into a permanent policy for this amount.

There may be a specific date in the policy by which time you may convert the term life insurance policy to permanent life insurance..

This section of your policy should explain how you may convert your term life insurance policy to permanent life insurance, and by what date you may convert..

Term conversion rider — A rider that gives you the flexibility to convert your term life insurance policy into a permanent policy within a certain amount of time without undergoing another medical exam.

For Standard Life Provisions, the company offers Salary - based Benefit Schedules; Dependent Coverage; Waiver of Premium (in case employees become disabled and so that they can continue life insurance without any premium payments), Accelerated Death Benefits (for employees with a life expectancy of 12 months), Portability (for those who want to leave their employment), Conversion (for employees to convert term life insurance to a new policy), and Bereavement Counseling (for counseling services).

If you decide you want lifetime coverage, some term policies allow you to convert your term life insurance into a permanent policy without a medical exam.

Convertible Term Insurance allows you to convert your term life insurance policy to a whole life insurance policy.

You can convert your term life insurance to a permanent life insurance policy without needing a medical exam prior to the end of the conversion period.

You can convert your term life insurance policy in your first 10 years to a permanent life insurance policy (or up to age 65 — whichever one comes first).

The benefit of some term policies is that they will allow you to convert your term life insurance policy without additional health exams.

This means the insured can convert the term life insurance into a permanent policy and keep the life insurance for the rest of their life.

(Find out more at «6 reasons why you should convert term life insurance to permanent life insurance.»)

It gives you the opportunity to convert your term life insurance policy into a permanent policy, whole or universal, without any underwriting.

You also have the ability to convert your term life insurance policy into a permanent policy at not extra cost under the following circumstances:

In some cases, you can convert your term life insurance plan into a whole life policy, without having to take a medical exam or answer any additional health questions.

If you just want protection because your father is telling you to do so and the monthly premiums might put a dent on your bank account while going through college, buy a term life insurance policy from a reputable life insurance company that will give you the opportunity to convert your term life insurance to a guaranteed universal or whole life, should you change your mind about keeping your term life insurance.

You have the ability to convert your term life insurance policy into a permanent policy under the following circumstance:

Many insurers allow you to convert your term life insurance policy over to whole life insurance before the policy ends if your needs change.

The term conversion process provides a policyholder the ability to convert a term life insurance policy to a permanent life insurance policy without the need to prove that they are «insurable.»

With this life insurance rider, you have the right to convert your term life insurance policy to a permanent life insurance policy within a specific time period.

This means that you are allowed to convert the term life insurance policy over to a permanent life insurance policy without the need to show evidence of insurability or take a new medical examination.

Option to convert — this option allows you to convert the term life insurance to a permanent life insurance that will provide you with coverage that doesn't expire.

You can usually convert a term life insurance policy to a permanent life insurance policy without getting a new medical exam.

Joe would normally have had a conversion option to be able to convert the Term life insurance policy to Universal life insurance which is permanent insurance, but the premium very well may have been too high for him to be able to afford it.

Why Convert Term Life Insurance to Permanent?

A convertible policy allows the insured to convert a term life insurance policy to a permanent life insurance policy at a later date.

A term life conversion rider allows you to convert a term life insurance policy into a whole life insurance policy, without any medical examination or providing evidence to the insurance company that you're still insurable.

The third option is to convert your term life insurance policy to a permanent one.

This rider lets you convert term life insurance into permanent life insurance without undergoing a medical exam.

Just convert your Term Life Insurance policy to permanent coverage — no matter your state of health.

Some very reputable life insurance companies have what's called an external term conversion which allow you to convert your term life insurance to their permanent products.

A term life insurance conversion allows the policy owner to convert their term life insurance into a permanent policy with NO evidence of insurability.

A life insurance conversion lets you convert your term life insurance policy to a permanent policy with no evidence of insurability.

You can convert your term life insurance policy to a permanent life insurance policy with AIG up until age 70.

Conversion — allows insured employees and their dependents to convert their term life insurance to a permanent life policy without evidence of insurability within 31 days of termination from employment.

The most common reason to convert your term life insurance is if your policy is about to expire and you still need coverage, but you've had some health complications where you can't qualify for traditional life insurance or it will be prohibitively expensive.

Keep in mind, you can convert your term life insurance policy into a permanent one.

How to Convert Your Term Life Insurance Policy at the End of Term What is term life insurance?

This means that you can convert your term life insurance policy to a permanent life insurance once the policy expires or prior to age 65 (70 in some cases).

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.

So if you're nearing the end of your term and you have a severe health concern come up, you can convert your term life insurance into a permanent policy.

A term conversion rider allows you to convert your term life insurance policy to a permanent policy without having to go through underwriting or take a medical exam.

If you want continued protection, though, a term conversion rider lets you convert a term life insurance policy into a permanent policy without taking another paramedical exam — a welcome adjustment, because taking an exam when you're old enough for your term policy to have expired would likely make the premiums prohibitively expensive.