Definitions
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun Lack of
forfeiture ; failure to forfeit, or exemption from forfeiting.
Etymologies
from Wiktionary, Creative Commons Attribution/Share-Alike License
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Examples
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Life insurance includes policies that provide endowment benefits, accidental death benefits, nonforfeiture benefits and optional settlement provisions.
The Volokh Conspiracy » Radio Debate on the Constitutionality of the Health Care Bill 2010
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Life insurance includes policies that provide endowment benefits, accidental death benefits, nonforfeiture benefits and optional settlement provisions.
The Volokh Conspiracy » Radio Debate on the Constitutionality of the Health Care Bill 2010
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States passed nonforfeiture laws, mitigated the rules and clauses that made policies void if an applicant made false or misleading statements, and even controlled the methods of marketing insurance.11
A History of American Law Lawrence M. Friedman 1985
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States passed nonforfeiture laws, mitigated the rules and clauses that made policies void if an applicant made false or misleading statements, and even controlled the methods of marketing insurance.11
A History of American Law Lawrence M. Friedman 1985
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States passed nonforfeiture laws, mitigated the rules and clauses that made policies void if an applicant made false or misleading statements, and even controlled the methods of marketing insurance.11
A History of American Law Lawrence M. Friedman 1985
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If you still have to drop your policy, check if your policy has a nonforfeiture clause -- not all do.
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Again, this nonforfeiture feature is a nice benefit to have.
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As to each certificate issued, a society shall grant at least one paid-up nonforfeiture benefit.
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(g) A statement of the mortality table and rate of interest used in determining all paid-up nonforfeiture benefits and cash surrender options available under the certificate, and a brief general statement of the method used in calculating such benefits;
Comments
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