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A non-forfeiture option. (or clause) is a provision included in certain life insurance policies stipulating that the policyholder will not forfeit the value of the policy if the policy lapses after a defined period due to missed premium payments. Which is the Nonforfeiture option in life insurance policy? A nonforfeitureRead More →

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A guaranteed renewable policy is an insurance policy feature that ensures that an insurer is obligated to continue coverage as long as premiums are paid on the policy. Can you convert a non-cancellable policy? A non-cancellable insurance policy – most often comprised of health, disability, or life insurance – cannotRead More →