Sentences with phrase «convertible during the life of the policy»

The OPTerm is typically convertible during the life of the policy.

Not exact matches

Convertible term life insurance is simply a term policy that can be converted to a whole policy at any point during a specified period of time (typically several years) without you having to undergo a new health assessment.

A convertible term life insurance policy can be converted by the owner into a permanent life insurance policy during a specific period of time, without requiring an exam or proving the insured is healthy.

Choosing a renewable or convertible life insurance policy may also protect you from the contestable period in life insurance, which allows payment of the death benefit to potentially be investigated and denied during the contestability period.

Term Life with Accelerated Underwriting is convertible during the conversion period, which begins on the issue date of the policy and ends on the earlier of:

A convertible term life insurance policy allows you to change it to a permanent policy at some point during the life of the policy.

Also, term life policies are usually convertible to permanent products during their term period without evidence of insurability should you wish for longer coverage.

Convertible Term - A convertible term life policy has the option of converting the policy to a permanent life policy during or at the end of the pConvertible Term - A convertible term life policy has the option of converting the policy to a permanent life policy during or at the end of the pconvertible term life policy has the option of converting the policy to a permanent life policy during or at the end of the policy term.