What Does Convertible Term Insurance Policy Mean?
What does Convertible Term Insurance Policy mean? Read on to discover the definition & meaning of the term Convertible Term Insurance Policy - to help you better understand the language used in insurance policies.
Convertible Term Insurance Policy
an insurance policy that can be converted into permanent insurance without a medical assessment. The insurer is required to renew the policy regardless of the health of the insured subject to policy conditions.
We hope the you have a better understanding of the meaning of Convertible Term Insurance Policy.
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