Frank keating has a life insurance policy that can be exchanged for a whole life policy without a medical examination. once it has been exchanged, the premiums will increase. what type of term life insurance does frank likely have?
The answer to this question is Convertible Term Insurance.
Convertible Term Insurance is a type of insurance where in the policy holder
can change a term policy for a whole policy without doing the medical
examination that is required to new application of plans. Term insurances is an
insurance that has a limited coverage period but it can be renewed and can be
convertible to permanent life insurance when the plan is already matured.
