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Glossary   >   N   >   "Non forfeiture clause" Definition            Non forfeiture clause A clause in a life insurance policy which lays out the conditions under which the policy may remain in force for a limited period if the premium remains unpaid after the expiry of the days of grace. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Non forfeiture clause - A clause in a life insurance policy which lays out the conditions under which the policy may remain in force for a limited period if the premium remains unpaid after the expiry of the days of grace.