![Next Term Life Challenge: Conversion Options (Life Insurance)](/assets/artwork/1x1-42817eea7ade52607a760cbee00d1495.gif)
![Next Term Life Challenge: Conversion Options (Life Insurance)](/assets/artwork/1x1-42817eea7ade52607a760cbee00d1495.gif)
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Next Term Life Challenge: Conversion Options (Life Insurance)
National Underwriter Life & Health 2010, April 19
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- $5.99
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- $5.99
Publisher Description
THE RECESSION is bringing attention to an often-ignored policy feature in level term life policies--the conversion option. Conversion provisions typically allow level term (LT) insureds to "convert" (shift into) a new permanent life policy within a specified number of policy years. The new permanent policy is priced for the client's "attained" (current) age, but the insured doesn't have to submit new evidence of insurability.
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