So,
if your financial situation changes over time and you want a greater amount of coverage, you would be able to increase your policy's death benefit without demonstrating your insurability.
If your financial situation changes over time, your refinanced loan terms may not work for you any longer.
Not exact matches
We recommend having a convertible term policy as your
financial situation will
change over time and, for example,
if your income rises and you later decide that you want a permanent life insurance policy to take advantage of the tax benefits, that option will be available.