24-05-2017
Mathematics

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When are non-forfeiture provisions used?

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williewilliams0 williewilliams0

24-05-2017

A non-forfeiture clause is a clause in an insurance policy that allows for the insured to receive all or a portion of the benefits or a partial refund on the premiums paid if the insured misses premium payments, causing the policy to lapse.

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