Nonforfeiture Values ****

The following discussion pertains to cash values. When must they be present? Can you lose them? What are my options should I decide I can not afford my premiums any longer? To whom do the cash values belong?

MR. WATSON: Without a law making insurance companies put cash value in your policies, when would they put cash value in your policies?

ALL: Never.

MR. WATSON: What do you think there is?

ALL: A law.

MR. WATSON: A law making the companies put some cash value in your policies. We are NOT speaking of Term policies, they have not cash values.

• Ordinary (policies paid any other way than weekly), must have cash values by the end of the third year.
• Industrial policies (policies paid weekly) must have cash value by the end of the fifth year.