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Tips for Buying Term Life Insurance - Think Convertible
No, not a convertible car. There are some Term Life policies that are called "convertible." This means that you have the right to change it into a permanent type of life insurance without providing the additional evidence of your own insurability (i.e. without taking a new medical exam). This is particularly advantageous in cases where one gets older and their health is deteriorating making it unlikely they will be able to obtain life insurance ever again or certainly not at such a low cost.
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