convertible term insurance
An insurance policy in which the insurer is required to renew the policy for a specified amount of time regardless of changes to the health of the insured. The agreement requires that premiums are paid on time and that the insurer makes no changes except if a premium change is made for an entire class of policyholders. also called guaranteed renewable or conversion privilege or guaranteed insurability.
Popular 'Insurance' Terms
Related Personal Finance Articles
Loading...
convertible term insurance in the news
Loading...
Enter your email address to get our free Term of the Day newsletter!
convertible term insurance is ...
... part of the Insurance subject.
Nearby Terms
Search volume for convertible term insurance
Get our content on your iGoogle page
RSS