nonforfeiture option

nonforfeiture option
nonforfeiture option see option 4

Merriam-Webster’s Dictionary of Law. . 1996.

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  • Values — The worth of a nonforfeiture clause that specifies that an insured party would receive the equity from a life insurance policy, in the event that the policy were canceled because the premium payments were not made. The policy s value would be… …   Investment dictionary

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