The ________ is the right of the policyholder to choose to receive the policy's cash value in exchange for the policyholder giving up his or her right to a death benefit.

Question

Quizplus · Accepted Answer

The nonforfeiture right allows a policyholder to receive the policy's cash value, surrendering the death benefit. This ensures that the policyholder does not lose the value of premiums paid if the policy is no longer needed or affordable.

The ________ Is the Right of the Policyholder to Choose