nonforfeiture benefit


non·​forfeiture benefit
variants or nonforfeiture value
: a benefit (as in cash or insurance) received by a policyholder who after making premium payments for at least the minimum period as provided wishes to discontinue further premium payments

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Dictionary Entries Near nonforfeiture benefit

Cite this Entry

“Nonforfeiture benefit.” Dictionary, Merriam-Webster, Accessed 22 May. 2024.

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