The right of the policyholder to the cash value of a whole life policy is a nonforfeiture right.

Name: The right of the policyholder to the cash value of a whole life policy is a nonforfeiture right.
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The nonforfeiture right in a whole life policy allows the policyholder to receive the cash value of the policy if they choose to surrender or cancel the policy. This cash value is considered a guaranteed benefit and is a key feature of whole life insurance.

The Right of the Policyholder to the Cash Value of a Whole