Non-forfeiture options allow you to re-instate your term insurance if you lapse the policy accidentally and have no medical conditions.

Question

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Non-forfeiture options do not allow you to reinstate a term insurance policy if it has lapsed. Non-forfeiture options typically refer to the options available to a policyholder in the event of a lapse, which may include receiving a reduced paid-up policy or surrendering the policy for its cash value. However, these options do not allow for the reinstatement of the policy.

Non-Forfeiture Options Allow You to Re-Instate Your Term Insurance If