Non-Forfeiture Benefits = A policy feature that returns at least part of the premiums to you if you cancel your policy or let it...
Benefits = the monetary sum paid or payable to a recipient for which the insurance company has received the premiums.
Spouse Premium Waiver = A provision in an insurance policy that relieves the insured and insured’s spouse/partner of paying the premiums while receiving benefits.
Waiver of Premium = A provision in an insurance policy that relieves the insured of paying the premiums while receiving benefits.
Premium = The amount paid by the policyholder in return for protection against financial loss due to occurrence of an event.