What term describes the benefit of life insurance policy that the policyowner does not automatically relinquish if policy lapses

Are you having trouble answering the question “What term describes the benefit of life insurance policy that the policyowner does not automatically relinquish if policy lapses”? You don’t have to worry about it anymore. Azanswer team is here with the correct answer to your question.

What term describes the benefit of life insurance policy that the policyowner does not automatically relinquish if policy lapses

Answer: Nonforfeiture Values

You should now have gotten the answer to your question “What term describes the benefit of life insurance policy that the policyowner does not automatically relinquish if policy lapses”, which was part of Insurance MCQs & Answers. Thanks for choosing us.

Leave a Reply 0

Your email address will not be published. Required fields are marked *