conversion privilege

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conversion privilege,

n the right of an individual covered by a group dental insurance policy to continue having coverage on a direct payment basis when association with the insured group is terminated.
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BANKING AND CREDIT NEWS-February 18, 2014--RBC posts results of preferred share conversion privileges
M2 EQUITYBITES-February 18, 2014--RBC posts results of preferred share conversion privileges
It is affordable, and you have conversion privileges.
Others have revisited the guaranteed purchase and future purchase options by eliminating the flaws associated with past designs and allowing for multiple opt-outs and conversion privileges.
The offer is intended for those term policies that can be converted to universal life, Russell said, adding "most of those policies have conversion privileges.
If we assume that this conversion privilege has the same maturity as the debt, then we can simply subtract the value of this option (using the Black-Scholes model) from Equation (3) to obtain the stock value associated with conversion privileges and relative priority rules:
BANKING AND CREDIT NEWS-January 22, 2014--Royal Bank of Canada will not exercise conversion privileges on preferred shares
M2 EQUITYBITES-January 22, 2014--Royal Bank of Canada will not exercise conversion privileges on preferred shares
When making a term life insurance recommendation, agents should consider the issuing company's financial strength, the policy's conversion privileges, the policy's waiver of premium rider features and the ability of the policy's features to work simultaneously.
It's vital for producers to know their products inside out: the features, the conversion privileges and especially the underwriting requirements.
Investment instruments include subordinate debt with warrants or conversion privileges and equity securities.