Exam term
Nonforfeiture
The guarantee that a life policyowner keeps the value accumulated in a cash-value policy even if premium payments stop.
Lessons that use this term
- Common policy provisions: beneficiary designations, grace period, and nonforfeiture options California
- Traditional whole life products New York
- Premium payment modes and grace period New York
- Reinstatement, policy loans, and nonforfeiture options New York
- New York required annuity contract provisions (Ins. Law 3219, 4220, 4223) New York
- Long-term care optional benefits (inflation protection, nonforfeiture, shared care) and hybrid plans New York
- Nonforfeiture law Texas