I'm clueless when it comes to the convertible term . . Here are some questions I'd like answered in this thread
- Are petty much the majority of term insurance sold today convertible to a permanent policy up to the total face value with the same health rating
- Do all the big term companies have at least a decent GUL to convert to?
- Are there any "gotchas" with convertible term
- If I get terminally ill and I have a waiver of premium rider.. I can convert to a permanent without paying the premium?
- if that's the case. How many companies let you convert the waiver of premium rider with the permanent policy
- Generally How does comp work with converting term to permanent... what companies have a bad compensation for the agent when it comes to conversion
- Anything I should know when converting a term to a participating whole life or IUL policy .. for cash value purposes?
Any other tidbit will be appreciated.
Thanks
- Are petty much the majority of term insurance sold today convertible to a permanent policy up to the total face value with the same health rating
- Do all the big term companies have at least a decent GUL to convert to?
- Are there any "gotchas" with convertible term
- If I get terminally ill and I have a waiver of premium rider.. I can convert to a permanent without paying the premium?
- if that's the case. How many companies let you convert the waiver of premium rider with the permanent policy
- Generally How does comp work with converting term to permanent... what companies have a bad compensation for the agent when it comes to conversion
- Anything I should know when converting a term to a participating whole life or IUL policy .. for cash value purposes?
Any other tidbit will be appreciated.
Thanks