Which of the following is TRUE about nonforfeiture values?

Question

A  A table showing nonforfeiture values for the next 10 years must be included in the policy.
B  Policyowners do not have the authority to decide how to exercise nonforfeiture values.
C  They are required by state law to be included in the policy.
D  They are optional provisions.

Answer 1

Answer: C They are required by state law to be included in the policy.

Nonforfeiture values are required by state law to be included in the policy, and cannot be altered by the policyowner. A table showing the nonforfeiture values for the next 20 years must be included in the policy.