What is ‘Values’

The worth of a nonforfeiture clause that specifies that an insured party would receive the equity from a life insurance policy, in the event that the policy were canceled because the premium payments were not made. The policy’s value would be returned to the policy holder in some manner, either through a partial refund of the premiums that had been paid to date, or through the payment of a portion of the benefits.

Explaining ‘Values’

Life insurance policy holders can select one of four nonforfeiture benefit options: the cash surrender value, extended term insurance, loan value and paid-up insurance. If the policy holder does not make a selection, the terms of the policy will generally stipulate which option would go into effect, in the event that the policy lapses or is surrendered.

Further Reading

  • Attitudes to economic risk taking, sensation seeking and values of business students specializing in finance – [PDF]
  • The homevoter hypothesis: How home values influence local government taxation, school finance, and land-use policies – [PDF]
  • Identifying the impacts of rail transit stations on residential property values – [PDF]
  • Red and blue investing: Values and finance – [PDF]
  • Misspecification of capital asset pricing: Empirical anomalies based on earnings' yields and market values – [PDF]
  • Does tax increment financing raise urban industrial property values? – [PDF]
  • Do tax increment finance districts stimulate growth in real estate values? – [PDF]