Which provision allows a policyowner to convert a term life policy to a permanent one without showing proof of good health?

The conversion provision is a specific feature included in some term life insurance policies that grants the policyowner the right to convert their term policy into a permanent life insurance policy, such as whole life or universal life, without needing to provide evidence of insurability or good health. This means that even if the policyowner's health has deteriorated, they can still secure a permanent coverage option by converting their existing policy.

This provision is especially beneficial for individuals who may have developed health issues during the term of their policy and would otherwise face higher premiums or denial for a new policy based on their health status. By allowing conversion without the requirement for proof of good health, the conversion provision provides a level of flexibility and security for policyholders, ensuring they have continued life coverage even as they age or encounter health changes.

The other options refer to different aspects of policy features. The renewal option typically allows the policyowner to renew a term policy at the end of its term without undergoing underwriting, but it does not specifically address the transition to permanent coverage. The reinstatement clause pertains to restoring a lapsed policy, which is unrelated to converting between policy types. The term conversion option is not a commonly recognized term in the same context as the conversion provision, and its use may