In-Force

In the context of Life and/or Living Benefits Insurance, "In-Force" refers to an insurance policy that is currently active and providing coverage as specified in the policy contract. This status is maintained as long as the policyholder continues to pay the required premium payments. Certain policy features, benefits, and riders can also ensure that premium payments continue even if the policyholder is unable to make payments due to specific circumstances.

Key aspects of In-Force policies include:

1. Active Status: The policy is currently valid and providing coverage.
2. Premium Payments: The policy remains in-force as long as premiums are paid on time.
3. Additional Features: Some policies include features or riders to maintain in-force status during payment difficulties.

Understanding the concept of an in-force policy is critical for ensuring continuous coverage and managing insurance benefits effectively.