If the policy owner decides to terminate the policy prior to death,the cash value can be used in a variety of ways.What is this called?

Question

Quizplus · Accepted Answer

Non-forfeiture options refer to the options available to a policy owner if they choose to terminate the policy prior to death. This can include using the cash value in a variety of ways, such as surrendering the policy for cash, using the cash value to purchase reduced paid-up insurance, or using the cash value to purchase extended term insurance.

If the Policy Owner Decides to Terminate the Policy Prior