What kind of life insurance starts out as temporary coverage but can later be changed to permanent coverage without evidence of insurability?

Convertible term insurance is a specific type of life insurance that begins as temporary coverage, typically covering the insured for a set number of years. The defining feature of convertible term insurance is its option to convert to permanent coverage without the need for evidence of insurability. This means that policyholders can transition from a term policy, which usually has lower initial premiums and provides coverage for a limited time, to a permanent policy that offers lifelong protection and builds cash value over time, regardless of any changes in their health status that may have occurred since the term policy was taken out.

This feature gives policyholders flexibility and security, allowing them to adapt their life insurance needs as their circumstances evolve, such as changes in health or financial goals. The other types of life insurance listed do not typically include this specific provision allowing for conversion from temporary to permanent coverage without additional underwriting.