Sentences with phrase «convertibility feature»
The phrase "convertibility feature" refers to a characteristic or option of a financial instrument or investment that allows it to be changed or transferred into something else, usually another type of asset or security. This feature gives flexibility to the holder or owner to convert their investment into a different form if desired. Full definition
Many HELOCs come with convertibility features that allow you to lock in the rate of your current balance.
themortgagereports.com
There is also a guaranteed convertibility feature.
Many term policies lose that convertibility feature at age 65 or 70.
Today's hint is to consider prioritizing the convertibility feature if you're expecting your first child and are hoping to have another child soon after (or at least before your first little one ages out of strollers).
The convertibility features offer you great convenience and you won't have to worry about buying another crib or a toddler bed for your growing baby.
Certain types of term life insurance policies have renewability or convertibility features that allow you to either renew your policy for a specified term without having to undergo another medical exam or convert your term policy to a permanent or cash - value policy.
Understand the convertibility features of term life before you buy.
Certain types of term life insurance policies have renewability or convertibility features that allow you to either renew your policy for a specified term without having to undergo another medical exam or convert your term policy to a permanent or cash - value policy.
Your policy may not have a convertibility feature.