Non Forfeiture Option

Certain life insurance policies have as a choice available if the policyholder discontinues premium payments on a policy with a cash value. This, if any, may be taken as extended term insurance, as reduced paid-up insurance or may be taken in cash.

Insurance answer
Three non-forfeiture values are extended term insurance, automatic premium loans and reduced paid up insurance. If this is an option that is important to you then be sure that you are purchasing a policy that includes this wording. Ask a specific question of your adviser to be sure you are getting what you want.