On Wed, 10 Jun 2009 12:50:06 +0100, "robgraham"
wrote:


"Mark" wrote in message
.. .
Can anyone please explain, in a little detail, what "non-forfeiture"
means with respect to endowment policies. I have an outline
explanation only, at present.


Even if you stop paying the premiums there are possibly some benefits that
you will not lose, for example, the fund value if any, or continuing life
cover paid for by reduction in fund value. These are called 'non-forfeiture
values' because the contract specifies that you'll go on getting them even
if you stop paying.

Would the non-payment be treated as borrowing against the policy and
therefore, would interest be charged on this?

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