guaranteed insurability

guaranteed insurability definition - finance
A type of life insurance policy where the insurance company is required to renew the policy for a specified amount of time regardless of changes in the personÂ’s health. Also called guaranteed renewable or convertible term insurance.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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