convertible term assurance

convertible term assurance A term assurance that gives the policyholder the option to widen the policy to become a whole life policy or an endowment assurance policy, without having to provide any further evidence of good health. All that is required is the payment of the extra premium. The risks of AIDS has meant that policies of this kind are no longer available, as insurers are not now prepared to offer any widening of life cover without evidence of good health.

• standard direct materials price
• standard fixed overhead cost
• standard hour
• Standard Industrial Classification
• standardization strategy
• standardized marketing mix
• standard marginal costing
• standard materials usage
• standard mix
• standard operating profit
• standard overhead cost
• standard performance
• standard production cost
• standard purchase price
• standard rate
• standard selling price
• standard time
• standard variable overhead cost
• standby agreement
• standby credit
• standing order
• standstill agreement
• start-up
• start-up costs
• state banks