Nonforfeiture values could result in the insured being paid the cash value of the policy and the policy being terminated.

Question

Quizplus · Accepted Answer

Nonforfeiture values are options that allow the policyholder to receive a portion of the cash value of the policy and terminate the policy without losing all of the accumulated value. This can occur in several ways, such as through a cash surrender or reduced paid-up policy.

Nonforfeiture Values Could Result in the Insured Being Paid the Cash