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Convertible Term |
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Convertible Term A term life insurance policy that the policyholder may convert into a whole life insurance policy without a health exam. A whole life insurance policy carries more risk for the insurance company, especially if there is no health exam to help determine the premium. As a result, convertible term policies have higher premiums at the outset than other term life policies. Convertible term. A convertible term life insurance policy can be converted into a permanent life policy at some point in the future without requiring you to pass a health screening exam. A convertible term policy is generally more expensive than a regular term policy from the same insurance provider. Like other term insurance policies, a convertible term policy remains in force for a specific period of time, or term, and can usually be renewed for an additional term, though the premiums typically increase with each renewal. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| Although this could prove too costly on your present income, it would nevertheless be possible to buy convertible term life insurance that can be converted into the desired whole-of-life or endowment policy at the end of the current term, generally without having to submit further medical reports. 5 million in the form of a Convertible Term Note with Laurus Master Fund, Ltd. nbsp;line of credit and a $4 million convertible term loan with more than $1 million earmarked for full implementation of its new high-volume tire processing facility in Tennessee. |
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