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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 TERM CONVERSION

The contractual right contained in most Term Life Insurance policies that allows the Policy Owner "to convert" based on this conversion privilege contained in the contract to a permanent policy. The types of policies that a life insurance carrier will allow a Term Life Insurance policy to be converted to include Whole Life and Universal Life. Some carriers may have other product options that would be life insurance carrier specific.

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