Not exact matches
In
terms of audio, each
of the two
riders will spout off the occasional one - liner — they're hardly very
original, but a couple brought a smile to my face.
If you have the convertibility
rider, you can simply convert the
term policy over to a permanent policy near the end
of the
original term or before a certain age.
The
rider obligates the company to pay the cost
of insurance both to continue the
original term and to renew it annually when the
original term ends.
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.
An option to surrender the policy for paid - up insurance, extended
term insurance, or in some cases an annuity, with premiums guaranteed at the time the
original contract is issued available with the purchase
of optional policy
riders.
If you have the convertibility
rider, you can simply convert the
term policy over to a permanent policy near the end
of the
original term or before a certain age.
You may choose to limit or expand your life insurance coverage for
term insurance or permanent insurance policies through the use
of policy
riders, which are optional provisions that can be added to your
original life insurance policy for an additional premium.