Types of Life Insurance
1) Term Life Insurance: Continued ....
Therefore you would like to convert to a permanent plan. However when you find out about converting your policy to a permanent plan, you run into a difficulty. It looks as if because of a technicality written into your policy, you now will not be capable to convert. The life insurance company left a back door for itself, but you are bounded into a policy that will keep increasing and up in price and may turn out to be too expensive. (Suisse de Ré, Sigma, 1998)
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