TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

NONFORFEITURE OPTION [1 record]

Filter results by subject field Alphabetical list of terms

Filter results by subject field

Alphabetical list of terms

Record 1 1981-08-27

English

Subject field(s)
  • Life Insurance
  • Insurance
OBS

The choices available to the policyholder if he discontinues premium payments on his policy. The choices are usually to take the policy value in cash, as extended term insurance, or as reduced paid-up insurance.

Key term(s)
  • nonforfeiture option

French

Domaine(s)
  • Assurance sur la vie
  • Assurances
OBS

Les différents modes de règlement offerts à l'assuré s'il cesse d'effectuer les versements de primes relatifs à sa police. Les choix habituels sont: la valeur comptant de la police, une prolongation d'assurance ou une assurance libérée réduite (valeur de réduction).

Key term(s)
  • option de non-déchéance

Spanish

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© Public Services and Procurement Canada, 2024
TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
A product of the Translation Bureau

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