Nonforfeiture Clause: Definition, Example, Meaning, Payout Options
Posted on September 30, 2023
Navigating the world of insurance can often seem like a daunting task. Different policies, premium payments, and various clauses make it a complex field. One such term that frequently comes up in insurance discussions is the ‘Nonforfeiture Clause’. It holds significant importance in life insurance and long-term care policies. This …