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Answered 2012-12-10 22:37:14

Depending on the insurance carrier, if you convert a qualifying term life insurance policy to a permanent life or universal life insurance policy, the new policy's first year premium will be reduced. The amount of reduction is based on the term premiums paid during the 12 months prior to the conversion. The carrier can elect to give you a credit on a portion of those premiums paid based on a few factors, such as the age of the term insurance policy, or the type of policy you are converting to.

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No, but the older you are, the higher the premiums. You may want to look at the life insurance policy terms and conditions section that refers to "Conversion" or Convertibility Option". This section of your policy should explain how you may convert your term life insurance policy to permanent life insurance, and by what date you may convert. There may be a specific date in the policy by which time you may convert the term life insurance policy to permanent life insurance. Also many companies will offer a "term conversion credit" if converted with a certain number of years, this credit is generally the last 12 months of premium paid on your existing term policy I would suggest that you check out the convertability terms and conditions specified in your present policy. You may want to check with your insurance agent about this. There are many contingencies which may allow you conversion credit if you convert within a specified number of years.


Attained age conversion is a point in time on a term life policy when the policyholder has attained the agen where they have the right to convert the term life insurance policy into a permanent whole life or universal life policy at their election and without having to take a paramedical exam.


Conversion of a term life policy is a right granted to the insured which allows you to convert a term life insurance policy into a permanent life insurance policy without having to take another exam. The permanent policy offers guaranteed level premiums and a level death benefit for the rest of your life. Conversion privileges are very important if you are ill and otherwise not insurable.


Many term or group term life insurance policies provide a conversion clause, which allows the covered person to purchase a permanent life insurance policy at the same medical condition rates you have on the term policy. The rates would be based on your attained age at the time of your conversion but if you health had deteriorated, it is still a good benefit.


It depends on what company issued your existing term life insurance policy. You can compare rates from multiple other insurance companies. You need a life insurance broker.


The conversion of short term memory to long term memory is called memory consolidation.


Conversion means to change what every it is you need to convert.


Rachat de credit is the Romanian term for, credit or loans. Someone can search the term Rachat de credit and find out that it involves business or personal credit or loans terms.


Credit customer means that this customer has a credit term with the company. Credit term means that the customer can pay at a later date. Illustrations: Alice is your credit customer, she has credit term of 60 days. Alice bought stuff from you on 1st Jan, she can then pay you on 60 days after 1st Jan, which is 28th February.


What are the exclusions for obtaining credit life on a loan


Long-Term Credit Bank of Japan ended in 2000.


Long-Term Credit Bank of Japan was created in 1952.


At the time of conversion from a term policy to a whole life policy, you will most likely have to have a medical exam. This exam does have minimum standards and will be used to determine the rate on your permanent policy.


The term interest credit refers to percentage of the credit that will be added as interest by the bank that issued a credit card. In this case, when the customer exceeds the allowed money limit, the bank will start taking interest on the exceeded credit.


Christian Debt or Credit Counseling is provided by such companies as Christian Credit Counselors, Family Life Credit, Family Life Resources, and Christian Credit Counsel.


Credit. As both current and non current liabilities are Credit accounts


Credit life insurance, Mortgage insurance, or decreasing term insurance.


Connection Conversion Transformation Parallel


Nothing in particular. It has its normal dictionary definition. All kinds of conversion can be done in mathematics.


The term "land conversion" is converting a forested area to another use such as agricultural land or urban area.


The term is desertification.The term is desertification.


Elements of term life insurance are: low cost, guaranteed rates, conversion to whole life if wanted later on. Term life insurance pays upon death for any cause at any time in any place, except for suicide within first 2 policy years, 1 year in some states. Term life insurance is easy to understand and offers rate guarantees of 10, 15, 20, 25 30 years or even level to age 95 if you want that.



No it can not be paid at the end of the loan. Credit life is to insure the creditor. If you pass away before the loan is paid credit life will pay off the loan. If there is no cosigner then why would you insure the creditor? There is no advantage to you at all for getting credit life.


One credit facility provided by the commercial bank is revolving credit. Also included are term loans and letters of credit.



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