nonforfeiture options
The various ways in which a policyowner may apply the
cash value of a life insurance policy
if the policy lapses. See also automatic
nonforfeiture option,
automatic premium loan
(APL), cash surrender value option, extended term insurance option, and reduced paid-up
insurance option.
Obtain a free
quote and experience health care that provides
you access to affordable medical services.
Burdened by credit
card debt? Reduce all of your unsecured debts by 60% with
our Debt
Consolidation solution.
