Guertin Laws

Guertin Laws are the nonforfeiture laws in life insurance that have been standard in all states since 1948.

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These laws require that a paid-up nonforfeiture benefit (e.g., paid-up term life insurance) be provided for every whole life policy that lapses because of nonpayment of premium. These laws also require that a cash surrender value be provided if the policy has been in force 3 years or more.