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Health Care > Nonforfeiture Feature
The following information is about Nonforfeiture Feature.
Nonforfeiture Feature Defined
A provision in some long-term care policies offering a guarantee that certain policy benefits will remain available even if the enrollee stops paying premiums. One type of non-forfeiture is a paid-up policy providing the same benefits for a shorter period of lower benefits for the same period as the original policy. Return of premium benefits are another form of non-forfeiture. Also known as lapsed coverage protection.
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- A9 > Nonforfeiture Feature
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