The Non-Forfeiture Provision is a part of your life insurance contract that guarantees you won’t lose your benefits if you stop paying premiums. This provision allows you to access options like reduced paid-up insurance or cash surrender value, ensuring that you still receive some value from your policy even if you can no longer make payments. It acts as a safety net, giving you peace of mind regarding your investment.
This provision is essential for protecting policyholders from losing everything they’ve paid into their insurance. By understanding the non-forfeiture provision, you can better navigate your policy and make informed decisions about your financial future. It’s a critical aspect of life insurance that helps provide financial security.