What is “Non-Forfeiture (Contingent)” in a Long-Term Care Insurance Policy?

Non-Forfeiture (Contingent) = if you were to receive a substantial premium increase, you have the right to stop paying premiums and have your policy converted to paid-up status.  Your paid-up policy would have a maximum benefit at least equal to the amount of premiums you had paid over your lifetime.


About Scott A. Olson

Scott A. Olson, is the author of “The Guidebook for Making Long-Term Care Insurance Easier.” He is a licensed insurance agent and has specialized in long-term care insurance since 1995. He is licensed to sell long-term care insurance in over 40 states. Scott was born and raised in New Jersey and attended Rutgers University. Scott was a caregiver for a close relative for two years. That personal experience has made him acutely aware of how to help his clients design and choose a long-term care policy that will benefit them when they need it the most. Scott and his wife Carolyn live in Redlands, California. Scott and Carolyn have four sons.