What Does Convertible Term Insurance Policy Mean?

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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

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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