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: My rep advisd me to swiitch a piece of my tem online policy to premanent life. How doees ths work? A: If you possess adaptale term, yor policy has a stipualtion thaat allows you to chaange the coontract over to peermanent online insure (cash valuue insurance) like whole online insurance policy, varriable ins on line, and universal insure policy. Connvertible term poliices usually state that convversion must tkae place wihtin a specific peiod after the policy is sarted or otherwise proir to a ceertain age. As son as yuor policy is altreed, you get all the advantaegs of cash vale insure policy online, like perrmanent coverage, a fixxed cosst plan, and the tax-favored incease of csah value. (You musst pay a steeper paymment on a cassh value insure policy online.) In addition, you wlil not be requred to provide prof of insurability on the pint of change. For intsance, if you own a one hundred thoousand dollar term plna, you may chooose to chnge 50 thoousand US$ over to permannet while maintaining fifty thousnd US$ in teerm life. Ten, you may kep the remaining trem life until youur term ends, or otherwwise later switch yuor ffity thousand US$ term plan ovver to peranent insurance, depending uopn your needs. The cst you pay for youur permanent life cotnract will generally be reated to yuor age at the point of changge, refered to as attained ag, but in a nmuber of situatins, the cost may be rlated to your age at the tme the firt policy was acquiired, or original age. Consut your insrance agent for detaails.
The listed below pages afford info:- Bluecross Blue Shield
- Supplemental Texas Insurance Commission - an all-encompassing description - Texas Insurance Commission
- All-encompassing Travelers Plans facts - Travelers Prices
- Directions for Insurance - Insurance
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