Sentences with phrase «policy conversion»

Term life insurance products usually come with policy conversion options.

I like to refer to term policy conversion as the ultimate do - over.

I like to refer to term policy conversion as the ultimate do - over.

This is especially incredibly powerful if your health situation has changed, because policy conversions do not require any health verification, health questions, or a medical exam.

Every life insurance company has different rules concerning policy conversion, so shop around and ask questions.

Depending on the company and policy coverage rules, most life insurance policy conversion options are terminated or discontinued after age 70.

Policy conversion options come with the risk of extra fees, conditions as well as requests for more information or having to take a medical examination.

With term policy conversion, you do not need to show evidence of good health.

Conversion credits are available for a full policy conversion if converted during years 2 — 5 of the policy term length

Made outbound calls to customers responding to Agency and Carrier solicitation expressing interest in quotes and possible policy conversion.

If the original policy features a convertible or policy conversion option then the original predetermined period of term coverage can be converted at a later time to a whole, universal or permanent form of coverage.

With term policy conversion, you do not need to show evidence of good health.

A term policy conversion can be requested at any time within the duration of the guaranteed level premium period — up to the attained age of 70 — whichever comes first.

If you think you'll likely want to continue coverage after your current term life insurance policy has expired, a policy conversion could be the right answer for you.

The insurance company will then provide you with a policy conversion form and advise you of any other steps you need to take.

However, make sure the conditions regarding conversion specifically guarantee that you would not have to take another health examination at the time that you request your policy conversion of life insurance from term life to permanent life insurance.

The greatest advantage of a policy conversion is the fact that you don't have to prove that you are insurable any longer in light of the fact that you have already been underwritten.

Policy conversion is the process of converting your term life insurance policy into a whole life insurance policy.

In some policies the conversion period is limited to happening before the end of a certain policy year.

My policy conversion was extremely smooth.I would highly recommend Aegon Life.

If you currently have an individual term life insurance policy look into your policy conversion options.

To learn more about term life policy conversions, read this article about policy conversions, or feel free to give us a call at: 855-902-6494, and we can help you determine if your existing term policy offers this benefit.

Some insurance companies will allow you to drop the death benefit to $ 100,000 or even $ 50,000 for their policy conversions.

This can be a very valuable feature if your health is now sub-standard, as your «risk class» is based on your health when you originally bought coverage, and you will not be required to re-prove your health at this time as there are no new health requirements for these «policy conversions».

The flipside of a policy conversion is the cost «permanent» life insurance is much higher than term coverage since the life insurer will certainly pay a death benefit at one point.