nonforfeiture

(redirected from Nonforfeiture clause)
Also found in: Financial.

nonforfeiture

(ˌnɒnˈfɔːfɪtʃə)
n
(Insurance) insurance a clause in a life insurance policy describing the terms under which a lapsed policy remains valid if the premium is not paid
References in periodicals archive ?
One of the most beneficial options that can be purchased with a long-term care policy is the nonforfeiture clause, especially if the client is younger or still in exceptional health.