Meaning, the policy can always be converted to a permanent policy no matter what
health conditions the primary insured has developed over the years because the policy is converted at the
original rate class qualified for.
Posted in Burial insurance, conversion, Conversion to a permanent product, final expense life insurance, financial adviser, honesty, insurance, life insurance, no lapse guarantee, term insurance, universal life Tagged Colony term life product, convert at
original rate class, deadline September 2, First Colony Life, Genworth Life and Annuity, Genworth screwing loyal customers, insurance, life insurance, orignal
rate class even with major
health issues, raise
rates,
rate class guaranteed
At the time, Barbara was actively undergoing chemo and radiation treatments, but the insurance company honored her
original # 1 best
health rate class, «preferred best», and saved her thousands of dollars over the cost of a new permanent policy.