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What is extended term non-forfeiture option?

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2008-07-30 14:06:39
2008-07-30 14:06:39

It means that if you don't pay your premiums, then rather than the policy lapsing, it will be term insurance for a period of time, with no cash value.

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Hi, I have some few knowledge regarding this nonforfeiture. I had only known that Standard life insurance and long-term care insurance may have nonforfeiture clauses. The clause may involve returning some portion of the total premiums paid, the cash surrender value of the policy, or a reduced benefit based upon premiums paid before the policy lapsed. If you have any attorney issues regarding this then Law Office of Sebastian Ohanian is one of the best options for you. Thank you

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