Conversion Privilege

Allows the policy-owner, before an original insurance policy expires, to elect to have a new policy issued that will continue the insurance coverage. Conversion may be effected at attained age (premiums based on the age attained at time of conversion) or at original age (premiums based on age at time of original issue)

See Also: Accidental Death and Dismemberment; Annually Renewable Term; Beneficiary; Decreasing Term Insurance; Insurance Company Ratings;

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