If Mary converts her Term Policy to permanent protection, what is true about this conversion?

When an individual like Mary decides to convert a Term Policy to a permanent policy, one of the key features of this conversion is that she is typically able to do so without needing to provide evidence of insurability. This important provision is designed to give policyholders the security of converting their coverage without facing the potential for increased premiums due to health changes or other factors.

This aspect of the conversion is particularly valuable for those who may have developed health issues during the term period, which could affect their ability to secure new life insurance coverage at the same rates. Therefore, the ability to convert without proving insurability ensures continuous coverage, reinforcing the purpose of providing financial security for the policyholder and their beneficiaries.

While many policies do have a conversion option, it's essential to note that the provisions can vary. Time limits often apply for conversion eligibility, typically allowing a conversion only during a specified period or before the term policy expires. There may also be fees associated with converting to certain types of permanent policies or for additional coverage amounts. However, the crucial point is that Mary can proceed with the conversion without needing to undergo medical underwriting, which simplifies the process significantly.