Sentences with phrase «privilege guarantees insurability»
Not exact matches
Guaranteed Purchase Option, Guaranteed Insurability Option, Convertible Term Insurance, Guaranteed Renewable Term Insurance, Conversion Privilege Term Insurance
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Term didn't have cash value but had a guaranteed level premium for a certain period (term) and almost always had a conversion privilege that allowed the insured to convert all or part of the policy to some permanent plan in the future without evidence of insurability.