Cash-Value Conversion
Not all policy providers offer the option to convert your life insurance policy into a convertible policy with a cash value equal to what you have invested. You may find you need a convertible policy in the future, so it’s wise to plan accordingly. You never know what your future holds.
The main benefit of this type of policy is that you can retain the cash value, even if you are diagnosed with a serious medical condition. Without this type of option, a medical issue can seriously impact your ability to hold on to the value of the policy. With cash-value conversion, you don’t have to submit to a medical exam.
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