FT MarketWatch

Conversion privilege

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 Policyholder. also called Guaranteed renewable or Convertible term Insurance or Guaranteed insurability.

Related Terms: 18 Call, Class, Convertible, Convertible term insurance, ECI, Guaranteed insurability, Guaranteed renewable, Guarantee, Insurability, Insurance, Insurance policy, Insured, Insurer, Policy, Policyholder, Paid, Term, Term insurance
Other Related Pages: Category: Insurance Starting With: C
Semi Related Terms: 546 CLICK HERE TO VIEW
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