Policies with five-, 10-, and 15-year durations have five-year conversion periods; 20- and 30-year durations have 10-year conversion periods during which the insured may convert the coverage into permanent life insurance without requiring additional underwriting or evidence of insurability;
For an additional premium, an extended conversion agreement allows the insured to extend the conversion period for the full duration of the policy or to age 75, whichever is earlier.
If the market price condition is not satisfied for future conversion periods and no other conversion event has occurred, we will not apply the "if-converted" method in the related fiscal periods.
International Game Technology today announced that as of January 20, 2004, the market price condition for convertibility of its Zero-Coupon Convertible Debentures due January 29, 2033 ("Debentures") will have been satisfied with respect to the conversion period beginning on January 20, 2004 and ending on April 19, 2004.
Five, 10, and 15 year durations have five year conversion periods
; 20 and 30 year durations have 10 year conversion periods
during which the insured may convert the coverage into permanent life insurance without requiring additional underwriting or evidence of insurability;
Prison Realty reiterated today that the shares of the Series B Preferred Stock will be convertible, at the option of the holder, into shares of Prison Realty's common stock during two separate conversion periods: (i) from Monday, October 2, 2000 to Friday, October 13, 2000; and (ii) from Thursday, December 7, 2000 to Monday, December 20, 2000, at a conversion price based on the average closing price of Prison Realty's common stock on the NYSE during the 10 trading days prior to the first day of each applicable conversion period.
By way of example only, if the average closing price of Prison Realty 's common stock on the NYSE during the 10 trading days prior to the first day of the applicable conversion period is $1.
Nasdaq: ENZN) today announced the results from the recent tender and increased conversion periods of the 4 percent convertible notes due in 2013.
The enhanced conversion period has expired and the original conversion rate of 104.