A term insurance policy that includes a conversion privilege gives the insured the right to:

Name: A term insurance policy that includes a conversion privilege gives the insured the right to:
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A conversion privilege allows the insured to exchange the term policy for a permanent plan of insurance, typically without the need for a medical exam. The other choices listed (renewal, modifying the death benefit, and including a nonforfeiture provision) are not related to a conversion privilege.

A Term Insurance Policy That Includes a Conversion Privilege Gives