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Home Term Insurance Definitions nonforfeiture loan value benefit

nonforfeiture loan value benefit

The nonforfeiture loan value benefit is a life insurance nonforfeiture benefit option to use the cash surrender value of the policy as collateral for a loan by the insurance company to the policyholder.

nonforfeiture loan value benefit

The nonforfeiture loan value benefit is a life insurance nonforfeiture benefit option to use the cash surrender value of the policy as collateral for a loan by the insurance company to the policyholder.