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The definitions contained herein are for general information only and are not
designed for use in connection with the interpretation of any insurance policy
or annuity policy issued through Insurance Answer Center.
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Life Insurance Glossary Terms 4 A B C D E F G H I J K L M N O P Q R S T U V W Y |
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Term Conversion |
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This is the process of exchanging a term life insurance policy for a permanent life insurance policy, i.e., whole life, interest-sensitive whole life or universal life insurance without providing evidence of insurability. When this is permitted by the insurance company, the premium charged on the new permanent life insurance policy is usually based on the attained age the insured has reached on the effective date of the change. |
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Learn More about Life Insurance
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| Answer Financial(R) Inc. offers insurance products and services through its licensed affiliates Insurance Answer Center(R) Inc. (California License No. 0B99714), Answer Center Insurance Agency, Inc., and other affiliates. Answer Financial is not an insurance company. Insurance plans and services are from insurance companies and other licensed insurance-related providers. Not all products available in all states. Rates subject to change. |
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