Values

Values
The worth of a nonforfeiture clause that specifies that an insured party would receive the equity from a life insurance policy, in the event that the policy were canceled because the premium payments were not made. The policy's value would be returned to the policy holder in some manner, either through a partial refund of the premiums that had been paid to date, or through the payment of a portion of the benefits.

Life insurance policy holders can select one of four nonforfeiture benefit options: the cash surrender value, extended term insurance, loan value and paid-up insurance. If the policy holder does not make a selection, the terms of the policy will generally stipulate which option would go into effect, in the event that the policy lapses or is surrendered.


Investment dictionary. . 2012.

Игры ⚽ Нужно сделать НИР?

Look at other dictionaries:

  • values — [plural] ► the beliefs that people have about what is right, wrong, and most important in life, business, etc. which control their behaviour: »He believed that culture and values helped hold the company together. core/shared values »Companies… …   Financial and business terms

  • values — index ethics Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • values — principles, standards, 1921, from pl. of VALUE (Cf. value) (n.) …   Etymology dictionary

  • values — [n] principles attitude, beliefs, character, code, conduct, conscience, ethics, ideals, integrity, morals, mores, scruples, sense of duty, sense of honor, standards; concepts 645,689 …   New thesaurus

  • values — val·ue || væljuː n. monetary or material worth; importance, merit; reasonable price, adequate return; numerical quantity; moral standards (generally used as values ); length of a musical note; shade of a color; intended sound of letter v.… …   English contemporary dictionary

  • values — [ˈvæljuːz] noun [plural] the principles and beliefs that influence the behaviour and way of life of a particular group or community Christian/Western/Islamic values[/ex] …   Dictionary for writing and speaking English

  • values — noun beliefs of a person or social group in which they have an emotional investment (either for or against something) (Freq. 21) he has very conservatives values • Hypernyms: ↑belief * * * plural of value present third singular of value …   Useful english dictionary

  • Values education — is a term used to name several things and there is much academic controversy surrounding it. [Robb, W M (1995) Some problems with values education and values in education.NAVET Papers, Vol. XIII.] Some regard it as all aspects of the process by… …   Wikipedia

  • VALUES OF A JEWISH AND DEMOCRATIC STATE — In Israel, in 1992, two Basic Laws were passed: Basic Law: Human Dignity and Freedom, and Basic Law: Freedom of Occupation. These laws have constitutional status, and enumerate a series of rights protected by the Basic Laws (see human dignity and …   Encyclopedia of Judaism

  • Values Party — The Values Party, considered the world s first national level environmentalist party that pre dated any fashionable Green terminology, was established in 1972 at Victoria University of Wellington, New Zealand, one of its initial leaders being… …   Wikipedia

  • Values within polyamory — Polyamory, the lifestyle or choice of having multiple mutually aware and consenting loving relationships, often requires a degree of negotiation and individual choice to reach a solid basis for relationships. In negotiating the terms of… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”