Sentences with NONFORFEITURE
Check out our example sentences below to help you understand the context.Sentences
1
"The insured can choose a nonforfeiture option if they no longer want to pay premiums."
2
"One type of nonforfeiture option is cash value."
3
"Under a cash value nonforfeiture option, the policyholder receives the accumulated cash value in a lump sum."
4
"Another nonforfeiture option is extended term insurance."
5
"The insurer must provide information regarding the nonforfeiture options available to policyholders."
6
"The nonforfeiture provision protects the policyholder's interests in the event of policy termination."
7
"Without a nonforfeiture provision, policyholders would lose all value accumulated in their policies if they stop paying premiums."
8
"The nonforfeiture benefit can be in the form of paid-up insurance."
9
"The nonforfeiture clause may also include the option for reduced paid-up insurance."
10
"Many states have regulations that dictate the nonforfeiture options insurers must offer."
11
"The insured should carefully review the nonforfeiture options available before making a decision."
12
"Policyholders who surrender their policies may be eligible for nonforfeiture options."
13
"Choosing a nonforfeiture option can have long-term implications for the policyholder's financial security."
1
"The nonforfeiture law protects the rights of policyholders by ensuring that they don't lose all the benefits they've accrued if they can no longer make premium payments."
2
"The nonforfeiture option can be an important feature for people who want to maintain some form of life insurance coverage even when they can't afford to pay the premiums."
3
"In case of policy lapse, the nonforfeiture benefit can provide the policyholder with a cash value or a reduced paid-up policy based on the amount of premiums paid."
4
"Many states have regulations that require insurance companies to offer nonforfeiture options in certain types of life insurance policies."
5
"Choosing the nonforfeiture option may result in a decrease in the death benefit or a reduction in the amount of coverage provided by the policy."
6
"The specific nonforfeiture benefits available may vary depending on the type of life insurance policy and the specific provisions outlined in the contract."
7
"Policyholders should carefully review the nonforfeiture clause in their life insurance policy to understand the options available to them in case of financial hardship."
8
"The nonforfeiture value of a life insurance policy can also be used to purchase extended term insurance for a specified period without the need to make premium payments."
9
"When considering surrendering a life insurance policy, it is important to understand the implications and explore the nonforfeiture options before making a decision."
