Life assurance which pays out if you die within the period of protection, but gives you the option to convert to an endowment or whole-of-life policy. back
A type of term insurance that includes a conversion provision, i.e., is eligible for conversion to a permanent certificate.
Term insurance which can be exchanged (converted), at the option of the policyowner and without evidence of insurability, for a permanent insurance policy.
The insurance can be converted to permanent insurance without medical examination.
Term life insurance which is convertible into whole life without showing insurability.
This relates to a Life Insurance contract where the policyholder is able to alter the term of the policy
Contract that may be converted to a permanent form of insurance without medical examination.
Some term contracts provide that they may be converted to permanent forms of insurance without medical examination if the conversions are made within a limited period as specified in the contracts. The conversion may be made as of the attained age of the insured at the time of conversion.
A policy that may be changed to another form by contractual provision and without evidence of insurability. Most term policies are convertible into permanent insurance.
A term insurance policy which gives the policyholder an option to convert the policy to a whole life or endowment insurance without giving further evidence of health.
A life assurance policy which pays out if the policy holder dies within the period of policy, but also allows the customer to convert the policy into an endowment or a whole of life policy.
