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