Sentences with phrase «one's original health rating»

At certain points during the period of coverage, you can convert your term policy to a permanent life insurance policy (such as a whole life insurance policy or universal life insurance policy) and premiums are determined by your original health rating.

At certain points during the period of coverage, you can convert your term policy to a permanent life insurance policy (such as a whole life insurance policy or universal life insurance policy) and premiums are determined by your original health rating.

If you choose to convert, you can keep your original health rating, even if your health has changed.

Rather, your original health rating is used.

You maintain the original health rating from the term policy when you convert, even if you have health issues or become uninsurable.

With a guaranteed insurability rider, you'll be quoted using your original health rating, even if you've developed high blood pressure or another health issue.

If they choose to convert, they can keep their original health rating, even if their health has changed.

At certain points during the period of coverage, you can convert your term policy to a permanent life insurance policy (such as a whole life insurance policy or universal life insurance policy) and premiums are determined by your original health rating.

A medical exam is not necessary to convert your policy and the conversion option keeps your original health rating even if your health has deteriorated.

The key features of the rider are: (a) you maintain the original health rating from the term policy upon conversion, even if you later have health issues or become uninsurable, and (b) you decide when and how much of the coverage to convert.

The original health rating the insured received with the term policy will be extended to the new policy without any underwriting requirements.

You maintain the original health rating from the term policy when you convert, even if you have health issues or become uninsurable.

If you do decide to switch it to permanent, the process is fairly simple and you will be able to keep your original health rating without having to get a new medical exam.

With a guaranteed insurability rider, you'll be quoted using your original health rating, even if you've developed high blood pressure or another health issue.

Luckily many term policies provide a life insurance conversion option that enables you to upgrade your policy from term to permanent, under the original health rating should the need arise.

To clarify, adding death benefit through the GI rider will increase the annual cost of the life insurance policy, however the additional life insurance is priced at the original health rating, which will save the owner of the policy money in annual premium when the price is compared to a new policy with the equivalent benefit.

Another advantage of the guaranteed insurability rider is that all additional insurance coverage added to the policy through the GI rider will be priced at the original health rating of the contract.

With the GI rider, they will be able to add coverage at the original health rating, usually for a lower price than they will pay for the equivalent new life insurance contract.

Rather, your original health rating is used.