What Does Guertin Laws Mean?

Free Business Insurance Quote Click Here
What does Guertin Laws mean? Read on to discover the definition & meaning of the term Guertin Laws - to help you better understand the language used in insurance policies.

Guertin Laws

Guertin Laws

The nonforfeiture laws in life insurance that have been standard in all states since 1948. These laws require that a paid-up nonforfeiture benefit (e.g., paid-up term life insurance) be provided for every whole life policy that lapses because of nonpayment of premium. These laws also require that a cash surrender value be provided if the policy has been in force 3 years or more.

We hope the you have a better understanding of the meaning of Guertin Laws.

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z


Free Business Insurance Quote Click Here