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