What action can Bess take to convert her individual Term Insurance policy?

To convert an individual Term Insurance policy, Bess can sign the conversion application and agree to pay premiums computed at her attained age. This conversion feature is designed to allow policyholders to switch from a term policy to a permanent policy, typically without undergoing additional medical underwriting like proving insurability, as long as the conversion is done within the terms specified by the insurer.

When she converts her term policy, the premium is calculated based on her current age rather than the age at which she initially purchased the term policy. This approach acknowledges the natural increase in risk associated with getting older, which is reflected in the premium rates for the new permanent policy.

The other options do not align with the typical conversion process. For instance, proving insurability as stated in some choices is generally not a requirement for conversion but may apply in other situations where someone is seeking new coverage. Additionally, paying premiums based on current health status or at a reduced rate does not reflect the standard practice for converting term insurance, which typically results in increased premiums due to age.