A convertible term life insurance policy just allows you to convert the policy into a whole life
policy during a particular period.
Not exact matches
TFA in
particular has been a
policy lightning rod, given its limited upfront training, aggressive expansion
during a
period of significant teacher layoffs, and fees it charges to school districts with which it contracts to place teachers.
While life insurance rates will vary according to your
particular health and risk profile, term
policies are typically the least expensive form of coverage, since they only pay out if you die
during a certain
period of time (the «term» of the
policy).
An occurrence based
policy responds to a claim for which the event creating the damage, or the damage itself, occurred
during the time the
policy was in force (i.e. within the start and end dates of the
particular policy or renewal
period).
While life insurance rates will vary according to your
particular health and risk profile, term
policies are typically the least expensive form of coverage, since they only pay out if you die
during a certain
period of time (the «term» of the
policy).
Term Insurance is a type of life insurance only, a byproduct that implies financial coverage provided to the
policy holder for a
particular time
period; if the insured dies
during the term then death benefits are paid to the beneficiary but it ceases if one outlives the set term of the
policy.
If you find that
particular insurance scheme is not beneficial, you can return the
policy to the company within 15 - days,
during the free - look -
period.
For example, when changing
policies, it is often important to complete the process in a
particular manner so that a lapse in insurance is avoided, which would only leave you vulnerable to the possibility of a disaster in Westown happening
during that lapse
period.