Nonforfeiture option in a life insurance policy that states if a policyholder discontinues premium payments, he or she can surrender the policy and receive the policy’s cash surrender value. Also see cash value.
The Rantings of the barely human.
Nonforfeiture option in a life insurance policy that states if a policyholder discontinues premium payments, he or she can surrender the policy and receive the policy’s cash surrender value. Also see cash value.