Sentences with phrase «health during conversion»

So if you were in perfect health when you got the policy, but are in poor health during conversion, you will still be able to convert at the best health rating.

It is convertible on a guaranteed basis regardless of health during conversion.

Not exact matches

He is referring to an important component of some, but not all, term life insurance policies — the ability to convert all or part of the term policy, during the conversion period, into permanent life insurance, irrespective of the policyowner's health or proof of insurability.

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.

So, if your health begins to deteriorate during your term, the conversion option enables you to secure coverage that will ensure a death benefit for your loved ones regardless of how long you live.