Nonforfeiture rights guarantee that a policy owner will not lose his or her policy's _____.

Question

Quizplus · Accepted Answer

Nonforfeiture rights guarantee that a policy owner will not lose his or her policy's cash value. This means that even if the policy owner stops paying premiums or decides to surrender the policy, they will still have access to the cash value that has accumulated in the policy. The other options listed (face value, death benefits for survivors, premium refunds, and premium reductions) are not guaranteed by nonforfeiture rights.

Nonforfeiture Rights Guarantee That a Policy Owner Will Not Lose