convertible insurance: Meaning and Definition of

convert'ible insur"ance

Pronunciation: [key]
  1. any form of life or health insurance, either individual or group, that enables the insured to change or convert the insurance to another form, as term to whole life insurance or group to individual health insurance.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.