Convertible Term Cover
This can be included in a level term assurance policy at inception allowing you to continue your cover after the initial policy term for another specific term without providing medical evidence. This is advantageous because, if your health has deteriorated, having a conversion option means that the availability of cover is still guaranteed. The new cover will depend on the terms and conditions applying to the life cover options that are available from Life Company at the time of conversion. It is important to note that when you convert your policy the price will more than likely go up as you will be older.
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Talk with an insurance specialist at Smart Financial to see if Convertible term cover is right for you and to discuss other Life Insurance options to give your family the peace of mind they deserve.
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