An option that enables the insured to buy additional life insurance without being required to provide evidence of insurability.
A life and health insurance policy feature that enables the insured to add coverage at future times and at fixed and agreed-upon rates regardless of health conditions.
Allows the periodic purchase of additional amounts of life insurance without proof of insurability.
Arrangement, usually provided by rider, whereby additional insurance may be purchased at various times without evidence of insurability.
Life and health insurance provisions which guarantee the insured the right and ability or purchase additional coverage without proving insurability.
An option in Life and Health Insurance contracts that permits the insured to buy additional prescribed amounts of insurance at prescribed future time intervals without evidence of insurability.
An option that allows a policyholder to purchase new life insurance at certain points in the future, without providing new evidence of insurability.
An option that permits the policyholder to buy additional stated amounts of life insurance at stated times in the future without evidence of insurability.
A supplementary provision that may be added to certain policies to guarantee the insured the right to purchase additional insurance, at certain rates, on specified option dates, without evidence of insurability.
a provision in some policies that guarantees the insured the right to purchase additional coverage without providing proof of insurability.
Gives the policyowner the option to purchase specified additional amounts of insurance without showing evidence of insurability.
This is a life insurance option that allows the insured policyholder to buy additional amounts of life insurance in the future without having to medically qualify.
An insurance policy in which the insurer is required to renew the policy for a specified amount of time regardless of changes to the health of the insured. The agreement requires that premiums are paid on time and that the insurer makes no changes except if a premium change is made for an entire class of policyholders. Also called guaranteed renewable or conversion privilege or convertible term insurance.
