Life Insurance Portability Vs Conversion. Permanent permanent means that you can take it with you and it stays the same. The insured may elect one year of preliminary term insurance under the whole life plan.
However, they will increase as you age. Portability allows you to convert the group life policy to a personal term life insurance policy and conversion allows you to convert the policy to a whole life policy. Portable insurance is a continuation of group insurance with group rates.
Employee Benefits Colorado Community College System
Both the terms portability and conversion are group life insurance. If you want to port your dependent’s life insurance coverage, you must also port your own coverage. The main differences between life insurance portability vs conversion are: Why would someone choose to continue their life insurance?
