Fundamentos del Seguro de VidaPregunta 379 de 716
The chief advantage of the conversion privilege on a term policy is that the insured can:
a.Stop paying premiums while keeping full coverage
b.Automatically double the death benefit at no cost for the entire remaining coverage period
c.Receive a full cash refund of all premiums paid
d.Obtain permanent coverage without having to prove insurability again
Explicación
Conversion lets the owner exchange term coverage for a permanent policy without new evidence of insurability, which protects someone whose health has worsened and who could no longer qualify for new coverage. It does not refund premiums, does not double the benefit for free, and does not eliminate premiums (the permanent policy will cost more). The value of conversion is preserving insurability while moving to lasting protection.
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Revisado por John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — verificar)