Switch to text-only version for screen readers & visually impaired
Wachovia logo: go to home page


PERSONAL FINANCE GLOSSARY


Alphabetical Listing
Search  
X
C
Cap
Current TermConversion Privilege
Conversion Privilege
Allows the policy owner, before an original insurance policy expires, to elect to have a new policy issued that will continue the insurance coverage. Conversion may be effected at attained age (premiums based on the age attained at time of conversion) or at original age (premiums based on age at time of original issue).