Final answer:
Nonforfeiture benefits in life insurance policies begin when premium payments stop.
Explanation:
Nonforfeiture benefits in an individual life insurance policy must begin when the policyholder stops paying premiums but wants to retain some value from the policy. These benefits typically include cash surrender value, reduced paid-up insurance, and extended term insurance. For example, cash surrender value allows the policyholder to receive a lump sum payment if they surrender the policy before it matures.
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