Which life insurance feature allows an insured to exchange a term policy for a cash value policy

Incontestability refers to a provision that limits the time frame during which the insurer can contest or void a life insurance policy based on misrepresentation or concealment by the insured. This provision does not relate to the ability to convert a policy from term to cash value.

Reentry is a provision that allows the policyholder to renew a term life insurance policy after the initial term expires, typically with a higher premium based on the insured's attained age and potentially worsened health status. It does not involve the conversion of a policy to a cash value policy.

Renewability is a feature that allows the policyholder to renew a term life insurance policy at the end of the specified term without the need for a new medical examination. This option does not involve the conversion of a term policy to a cash value policy.