Contingent Nonforfeiture

A contingent nonforfeiture benefit is a feature included in all tax-qualified Long-Term Care Insurance policies that gives the policyholder the ability to keep their premium the same in the event of a significant premium increase. 

If your Long-Term Care Insurance policy premium increases over a certain percentage (listed in the policy), you can use the contingent nonforfeiture benefit. 

This benefit allows you to reduce your coverage to keep the same premium. It allows your policy to change into a "paid-up" status, meaning your policy can remain in force with reduced benefits and no future premiums.