What is the meaning of Convertible?
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Answer:
(Entry 1 of 2) 1 : capable of being converted a bond convertible to 12 shares of common stock. 2 : having a top that may be lowered or removed convertible coupe. convertible.
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Explanation:
Typically, convertible insurance deals with a level term insurance policy that can be converted into a permanent/cash value policy that may be some form of whole life or universal life.
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