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A term policy that can be converted to a whole life (or other) policy.

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โˆ™ 2007-09-09 15:30:46
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Q: What is convertible term insurance?
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Does State Farm provide convertible term life insurance?

State Farm does not provide convertible term insurance. They provide standard term life insurance.

Does a renewable and convertible term life insurance policy have a cash value?

No, generally speaking, no term life insurance policies have cash value.

What does a convertible term insurance policy work?

A convertible term insurance policy works by allowing you to amend the coverage period in return for a change in the premium payable. This is highly useful to businesses with ever changing amounts of stock or who wish to add new premises to their insurance policies

What is convertible term life insurance?

Convertible term life is insurance that was written for a specific length of time, for instance 10 years. After that time the policy would be null and void and more would have to be taken out or the policy cancelled. The convertible comes in when that same term life is switched over to whole life that one can have forever or until it matures or one stops paying the premium.

What nonforfeiture option has the highest amount of insurance protection?

Reduced paid up

What is better a convertible or Ford Escape?

Escape with a sun roof. Then you get a convertible & pay no more insurance.

What is another word for convertible?

Synonyms for the adjective convertible are exchangeable, adjustable, or swappable.A synonym for the noun convertible (car) is cabriolet. A slang term is ragtop,

What is the difference between renewable term insurance and regular term insurance?

Renewable term allows you to renew at the end of the term. Regular term insurance does not guarantee you that right.

Can you cancel a term life insurance policy?

Yes. Term insurance is like renting insurance.

Does convertible term policy accumulate cash value?

Term insurance does not build any cash value until it is converted into a type of permanent product that does - whole life, indexed universal life, current assumption, variable universal life.

Does Prudential Life Insurance offer term life?

Prudential Life Insurance offers several different type of life insurance, including term life insurance. They offer complete term insurance or supplemental term insurance that can be added on top of any other insurance you may have.

Does all life insurance have no physical term?

No, term life insurance has a term, hence the name.

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