nonforfeiture
1
9.9
- noun
- /nɒnˈfɔːrfɪtʃər/
- Specialized
- Many life insurance policies include a nonforfeiture option to protect policyholders from total loss.
Examples
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The nonforfeiture provision ensured she received some benefits even after missing several premium payments.
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The insurance policy includes a nonforfeiture clause.
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He chose a policy with a strong nonforfeiture clause for added financial security.
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Many policies offer nonforfeiture benefits for policyholders.
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The nonforfeiture clause in her insurance policy ensured she would receive a refund even if she stopped paying premiums.
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If you decide to cancel your policy, check the nonforfeiture benefits to understand what amount you can recover.
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Understanding the nonforfeiture options available can help you maintain some benefits even if you can no longer afford to pay.
Antonyms
- Specialized
7
8.0
Losing property, such as money or a house, as a penalty for doing something wrong
Surface Forms
Morphology
nonforfeiture = forfeiture (transparent) = non + forfeit + ure
The meaning is derived clearly from 'forfeiture' with the prefix 'non-' indicating the absence of forfeiture.
Etymology
Nonforfeiture comes from non- meaning 'not' and forfeiture from forfeit meaning 'to lose' or 'give up', as when you 'forfeit' a game. So a nonforfeiture clause is a rule that makes sure you do 'not lose' all your rights, money, or benefits, and it keeps some benefits even if you stop paying.