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单词 NONFORFEITURE VALUES
释义

The policy payments that the insured is entitled to in the event of a cesation of payments. The insured has a choice between the cash surrender value, the paid up surrender value,the extended term insurance value and the loan value. If a choice is not made, the policyholder has no choice but to accept the one that is specified in the insurance contract.

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更新时间:2024/10/27 9:35:30