Cash value will not be forfeited to the insurance company for non-payment of a premium,but will instead always accrue to the benefit of the policy owner.

Question

Quizplus · Accepted Answer

Cash value is a savings component of a permanent life insurance policy, and it belongs to the policy owner. If the premium is not paid, the policy may lapse, but the accumulated cash value will remain with the policy owner.

Cash Value Will Not Be Forfeited to the Insurance Company