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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 CONVERTIBLE TERM INSURANCE

Term insurance that can be converted, at the option of the life insurance policy owner, without having to provide evidence of insurability of the insured. The conversion could be to various forms of permanent life insurance policies. See: Conversion Privilege

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