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	<title>New answer on: What Is Extended Term Option Life Insurance?</title>

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		<title>By: David Pipes</title>

		<link>https://insurancelibrary.com/life-insurance/what-is-extended-term-option-life-insurance</link>

		<dc:creator>David Pipes</dc:creator>

		<pubDate>Wed, 09 Jul 2014 16:21:07 +0000</pubDate>

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		<description><![CDATA[Extended term is one of the non-forfeiture provisions.  When a person does not want to continue making payments on a whole life insurance policy they have options with what they can do with the cash value that has accumulated in the policy.  One is to take a life paid up policy for a reduced amount, another is to receive the cash, or borrow the cash.  The extended term provision maintains the face amount of the policy for a specified period of time.  This is often the automatic, non-forfeiture provision. ]]></description>

		

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		<title>By: Jerry Vanderzanden, CLU, ChFC</title>

		<link>https://insurancelibrary.com/life-insurance/what-is-extended-term-option-life-insurance</link>

		<dc:creator>Jerry Vanderzanden, CLU, ChFC</dc:creator>

		<pubDate>Fri, 17 May 2013 12:17:28 +0000</pubDate>

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		<description><![CDATA[An Extended Term Option is one of the standard nonforfeiture options in cash value policies. When a policy owner wants to stop paying required premiums, it is one of the alternatives to surrendering the coverage for its cash value. In this case, the death benefit is the same as the original policy (unless a loan is outstanding) and the &quot;extended term&quot; is the number of years and days of coverage that can be purchased with the available cash value at the insured&#039;s attained age. Policies that have guaranteed cash values include a table showing how long the term will be, based upon these factors.]]></description>

		

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