1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Non forfeiture in Long Term Care Insurance means that you can receive a reduced benefit if you drop the policy. It is usually equal to the premiums paid in.

    Contingent nonforfeiture is a reduced benefit received if you are unable to afford the premium because it went up beyond the level allowed by the NAIC (National Association of Insurance Commissioners).
    Answered on July 20, 2013
  2. 11783 POINTS
    Larry GilmorePRO
    Agent Owner, Gilmore Insurance Services, Marysville, Washington State
    What does non-forfeiture mean in a Long Term Care Policy? It means that if you no longer can afford the policy or find a new plan to purchase, that you aren't out prior premiums paid towards that coverage. This is really an important rider to select when purchasing a LTC policy. Down the road for what ever reason, you may want to drop that policy and purchase a new one. Knowing that you will receive your premiums back for care when you need it from your old policy can help you decide how long wait for payout on a new policy which helps with cost.
    Answered on December 15, 2014
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