Payments that you or your employer pay to the health insurance company to keep you insured.
Payments that you or your employer pay to the health insurance company to keep you insured.
A provision in most policies which provides the option of continuing the existing amount of insurance as Term Insurance for as long a period of time as the contract’s cash value will purchase. This is one of the non-forfeiture options available to the insured in case a premium is not paid within the grace period. See also Non-forfeiture Values.


