convertible insurance

any form of life or health insurance, either individual or group, that enables the insured to change or convert the insurance to another form, as term to whole life insurance or group to individual health insurance.

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Universalium. 2010.

Look at other dictionaries:

  • convertible insurance — any form of life or health insurance, either individual or group, that enables the insured to change or convert the insurance to another form, as term to whole life insurance or group to individual health insurance …   Useful english dictionary

  • insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… …   Black's law dictionary

  • insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… …   Black's law dictionary

  • Convertible arbitrage — is a market neutral investment strategy often employed by hedge funds. It involves the simultaneous purchase of convertible securities and the short sale of the same issuer s common stock. The premise of the strategy is that the convertible is… …   Wikipedia

  • convertible-term insurance — A life insurance policy providing cover for a given period but which may be converted to eg a whole life policy at some time during this period at favourable terms • • • Main Entry: ↑convert …   Useful english dictionary

  • Convertible Hedge Associates — was an early alternative investment management company founded by Edward O. Thorp and a partner, Jay Regan, in November 1969. Based in Long Beach, CHA was said by Thorp to have been the first market neutral hedge fund. In 1974 it was renamed as… …   Wikipedia

  • convertible — 1 adjective 1 an object that is convertible can be folded or arranged in a different way so that it can be used as something else: They bought a convertible sofa bed. 2 money that is convertible can be exchanged for the money of another country 3 …   Longman dictionary of contemporary English

  • convertible — con|ver|ti|ble1 [kənˈvə:tıbəl US ə:r ] adj 1.) an object that is convertible can be folded or arranged in a different way so that it can be used as something else ▪ a convertible sofa 2.) technical able to be exchanged for the money of another… …   Dictionary of contemporary English

  • convertible term insurance — Fin term insurance that the policyholder can convert to fixed life insurance under particular conditions …   The ultimate business dictionary

  • convertible term insurance — Type of term insurance which may be changed to permanent (whole life) insurance carrying loan values, built in values, etc …   Black's law dictionary

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