Life Insurance 20. Conversion Provision

Question 1

1. When can you CONVERT this policy?

Answer 1

It can be converted during the time indicated on the schedule. Insurance may be converted to any individual PERMANENT LIFE INSURANCE POLICY that AAA makes available for Conversion during this period. THE POLICY MUST BE IN FORCE.

Question 2

2. Insurance, up to the Face Amount in force on this Policy, may be converted WITHOUT EVIDENCE OF INSURABILITY to an new policy during the conversion period. HOWEVER, PARTIAL CONVERSIONS WILL NOT BE ALLOWED WHEN THE INTERMEDIATE PERIOD ENDOWMENT BENEFIT RIDER IS ATTACHED TO THEIS POLICY. Conversion is subject to these conditions:

Answer 2

1. Premiums are not being waved due to total disability
2. Premiums are current on this policy
3. The effective date of the new policy will be the date of conversion
4. The suicide or contestability period does not start over with the new policy
5. Any Riders and /or Endorsements will be issued with the new policy only with AAA’s consent.
6. I must submit a request for conversion from AAA and pay the first premium due.
7. The new policy will be issued at the Age of the Insured on the date of conversion
8. The new Policy will be issued in a similar Rate Class to this policy
9. The new policy will be subject to AAA’s minimum policy requirements in effect at the time of conversion.