What is convertible term life insurance?

Answer Term life insurance policies only provide coverage for a limited period of time; however, some term life policies are convertible, giving you more security as your insurance needs change.Definition... Read More »

Top Q&A For: What is convertible term life insurance

What is the difference in whole life insurance&term life insurance?

Life insurance pays a defined benefit amount when the policyholder dies. Term life insurance pays if the death occurs during the term of the policy--a predetermined number of years. Whole life insu... Read More »

What is term life insurance and whole life insurance?

Term life and whole life insurance are two types of policies that provide a financial benefit when the insured passes away. Both life insurance policies have advantages in costs and protection that... Read More »

Can you switch from whole life to term life insurance?

It is possible to switch from whole life to term life insurance. Whenever you change your life insurance policy, you may increase the amount you pay. New health issues or age may influence the eval... Read More »

What is a term life insurance policy?

A term life insurance policy provides financial protection for your family if you die during a specific period of time. For example, if you choose a five-year term and die within those five years, ... Read More »