How to read this: Actual rights depend on the insurance contract, application, underwriting, and claim facts. This page explains general concepts.
Reduced paid-up
Typically uses existing policy value to continue a lower amount of coverage without further premiums, subject to policy terms.
Extended term
Typically preserves a form of face amount for a shorter period, depending on the policy.
Surrender is a separate choice
Ending the contract removes future coverage and pays the applicable surrender value.
Request side-by-side illustrations
Compare continuing, non-forfeiture options, and surrender before deciding.
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Use your own household or policy numbers to compare scenarios. Results are not insurer quotations or claim promises.
Official / industry references
General insurance education only. This is not insurance solicitation, product recommendation, underwriting advice, claim determination, legal advice, or tax advice.