non-forfeitable

Updated: July 17, 2025

For should he become unable, either by age, disease, or loss of property, to continue the payment of his premiums, his policy must lapse, because there is no accumulation of profits to his credit on which it can be continued. In other forms of life policies, called "Non-forfeitable," premiums are made payable in "one," "five," or "ten" annual payments.

Various - The Atlantic Monthly, Volume 18, No. 107, September, 1866