The nonforfeiture right gives the policyholder the cash value of the policy in exchange for the policyholder giving up his or her right to a death benefit.

Question

Quizplus · Accepted Answer

The nonforfeiture right in a life insurance policy allows the policyholder to receive the cash value of the policy if they choose to surrender the policy before it matures, effectively giving up their right to the death benefit.

The Nonforfeiture Right Gives the Policyholder the Cash Value of the Policy