What is the Definition of Nonforfeiture Values?

What is the Definition of Nonforfeiture Values?

The benefits, as printed in a life insurance policy, that the insurance guarantees to the insured if the insured stops paying premiums.

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

Other Questions: What is the definition of Annuity?

What is the Definition of Nonforfeiture Values?

You can find random definition and meaning of insurance terms below:


What is the meaning of Proximate Cause

An act or omission initiating an unbroken sequence of events resulting in injury to a person or damage to property.


What is the meaning of Quote

A statement of the premium that will be charged for insurance coverages based on specific information provided by the person requesting the quote including drivers, vehicles, and driving record.


What is the meaning of Rate

Often used as a synonym for premium but actually refers to the base rating units that are used to determine the final premium.


Thank you for visiting our website and read this FAQ article about "What is the Definition of Nonforfeiture Values?". We hope you get what you searching for.

definitionly.com is a website that contains information about the definition or meaning of a word. You can search for the terms you are looking for in the search field above.

Related Posts

Subscribe Our Newsletter