A convertible term life insurance policy is term insurance that offers the option for the owner of the policy to convert the term life plan into a permanent life insurance policy before a certain date.
Term life insurance does not build up any cash value inside the policy; however, after the term life policy is converted into a permanent life insurance policy, the permanent life insurance may grow cash value inside the policy over time.
Term life insurance does not have any cash value, but return of premium term life insurance coverage will return most of the premiums paid if you outlive the term of your term life policy.
Term life insurance does not build up any cash value inside the policy; however, after the term life policy is converted into a permanent life insurance policy, the permanent life insurance may grow cash value inside the policy over time.
Term life insurance does not have any cash value, but return of premium term life insurance coverage will return most of the premiums paid if you outlive the term of your term life policy.
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