NonFortProv

Description
Non Forfeiture Provision

Type : OLI_LU_NONFORTPROV
DescriptionNameValue
Annuity RiderOLI_NONFORF_ANNRID20
APL then Annuity RiderOLI_NONFORF_APLANNRID21
APL then Extended TermOLI_NONFORF_APLEXTTERM5
APL then Reduced Paid UpOLI_NONFORF_APLRPU6
APL then Variable Reduced Paid UpOLI_NONFORF_APLVRPU19
Automatic Policy Loan (APL)OLI_NONFORF_APL4
Cash SurrenderOLI_NONFORTPROV_CASHSURR9
Dividend AccumulationOLI_NONFORF_DIVACCUM7
Dividend Accumulation + APLOLI_NONFORF_DIVPLUSAPL8
Extended TermOLI_NONFORF_EXTERM2
Lapse No ValueOLI_NONFORTPROV_LAPSENOVALUE10
NoneOLI_NONFORF_NONE1
OtherOLI_OTHER2147483647
Reduced Paid-UpOLI_NONFORF_RPU3
UnknownOLI_UNKNOWN0
Variable Reduced Paid UpOLI_NONFORF_VRPU18

Definition
The various ways in which a policyowner may apply the cash value of a life insurance policy if the policy lapses.1) To forfeit the policy for its cash surrender value.2) To take reduced paid up insurance instead of the cash surrender value.3) To take extended term insurance for the full-face amount instead of the cash surrender value.4) To borrow from the company, using the cash value as collateral.

Parents
Life NonForProvision