Convertible term life insurance can be converted into cash-value life insurance,depending on the insured's medical condition pending a medical exam.

Name: Convertible term life insurance can be converted into cash-value life insurance,depending on the insured's medical condition pending a medical exam.
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Question

Quizplus · Accepted Answer

Convertible term life insurance allows the policyholder to convert their term policy into a permanent life insurance policy without a medical exam, regardless of their health condition.

Convertible Term Life Insurance Can Be Converted into Cash-Value Life