What is the main focus of the non-forfeiture values in a life insurance policy?

The main focus of non-forfeiture values in a life insurance policy is to provide options that cannot be forfeited by the policyowner. Non-forfeiture values are protections embedded within life insurance contracts that guarantee the policyholder does not lose their accrued benefits or values if they stop making premium payments. Instead of losing all benefits upon surrender or lapse of the policy, the policyowner can choose from various options, such as converting the policy into a paid-up policy with a reduced amount of coverage or receiving the cash surrender value.

These provisions are designed to enhance policyholder security and ensure that the premiums they have already paid hold some value, even if they can no longer afford to continue paying premiums. This is in direct contrast to other choices, which do not define the core purpose of non-forfeiture values accurately. They focus on the retention of value and the provision of choices rather than aspects like altering premiums, guaranteeing immediate payouts, or addressing beneficiary issues.