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Life Settlement
Educational Information
Welcome Funds has compiled every term, phrase & definition related to life settlements. Have more questions? Call us toll-free at 1-877-227-4484 or complete our Quick Online Qualifier to determine your eligibility.

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DEFINITION OF CONVERSION PRIVILEGE


This benefit allows a life insurance policy owner the opportunity to "convert" or exchange an existing term life insurance policy for a permanent or policy without evidence of insurability. See: Convertible Term Insurance

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