Non-Forfeiture Provision

In Indexed Universal Life (IUL) policies, the Non-Forfeiture Provision is a vital clause designed to protect policyholders' investments. Its main features:

• Benefits Retention: Guarantees a portion of benefits or accumulated cash value if the policy is terminated or surrendered early.
• Protection Options: Includes reduced paid-up insurance, extended term insurance, or a cash surrender value.

This provision ensures that policyholders retain some policy value, safeguarding their contributions even if they're unable to continue with premium payments.