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 guaranteed insurability.
Related information about convertible term insurance:
- Convertible Term Insurance
Convertible Term Insurance allows the policyholder to change the face value of the term policy in force into a permanent form of Life Insurance, such as Whole ...
- Level Premium Convertible Term Insurance - New York Life
With this insurance, you can choose a payment period anywhere from 10 through 20 years. The premiums are guaranteed to remain level for time period ...
- What is convertible term insurance? - InvestorWords.com
Definition of convertible term insurance: An insurance policy in which the insurer is required to renew the policy for a specified amount of time regardless of ...
- What is Convertible Term Insurance?
Oct 30, 2012 ... Convertible term insurance is a type of insurance coverage that can be converted into a whole or permanent insurance policy if...
- Convertible Term Insurance - Convertible Term Life Insurance
Why you want convertible term insurance. Many people buy term life insurance. Why do they do this?
- Convertible Term Life Insurance
Many young, healthy policyholders choose a convertible term insurance policy initially because of the low cost premiums and basic coverage that it affords their ...
- Annual Renewable and Convertible Term › Term Life Insurance ...
The Annual Renewable & Convertible Term insurance policy can help you secure your family's financial future with life-insurance protection and guaranteed ...
- What is convertible term insurance? - BusinessDictionary.com
Definition of convertible term insurance: Policy that allows an insured to convert to whole life insurance without having to prove his or her insurability.