nonforfeiture provisions

  • Part of insurance contract which defines the equity to which the policy owner is entitled if the policy is terminated by an event other than death.

    Internal Revenue Service 1

1Internal Revenue Service, Internal Revenue Manual 4.42.6 Glossary, http://­www.irs.gov/­irm/­part4/­irm_04-042-006.html (last accessed Dec. 22, 2009).