The Non-Forfeiture Option is a benefit given to a policyholder who owns a policy that has earned cash value.

This benefit can be availed of in case:

1. He/she is not able to pay the premium at the expiration of the 31 days grace period.
2. He/she decides to discontinue payment of premiums.

OPTION 1: NET SURRENDER VALUE

The policy owner may surrender the policy to the company for its cash value less any indebtedness. Accomplish Surrender for Cash Value Form and submit Policy Contract.

OPTION 2: PAID-UP INSURANCE

You can use the net surrender value to purchase a reduced amount of insurance coverage for the remaining duration of the policy.

The coverage for all riders ceases when Reduced Paid Up Insurance takes effect. The policy can be restored back to its original coverage provided it complies with the reinstatement requirements.

OPTION 3: EXTENDED TERM INSURANCE

The net surrender value is used to purchase term insurance for the full coverage amount provided by the original policy for as long as the net surrender value can provide.

The coverage for all riders ceases when Extended Term Insurance takes effect. The policy can be restored back to its original coverage provided it complies with the reinstatement requirements.