Florida Health Insurance Terms:
Define: "Conversion Credit"
A "conversion credit" is a one-time credit given to you when and if you decide to convert your term life insurance to a permanent life insurance policy.
Let's say you get a better job and you want to upgrade your basic insurance policy to a premium policy. If you have already paid money toward your basic policy you may have a conversion credit waiting for you when you upgrade.
News Article: More About: "Conversion Credits"
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