The debit agent’s record book showing the amount collected on each policy, the week of the collection, and the policy period for which the premium has been paid.
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Non-forfeiture Values
Those values in a Life Insurance policy that, by law, the policy owner cannot forfeit even if he ceases to pay the premiums. These benefits are the cash surrender value, the loan value, the paid-up insurance value, and the extended term insurance value. The policy owner may choose one of these non-forfeiture options, but even if he fails to do so, the one specified in the contract for such a case automatically goes into effect.