Standard nonforfeiture benefits include which of the following?

The selected response highlights reduced paid-up insurance as a standard nonforfeiture benefit. Nonforfeiture benefits are provisions in life insurance policies that ensure the policyholder does not lose the value of their policy in the event of non-payment of premiums. These benefits are designed to provide policyholders with options when they choose to discontinue premium payments.

Reduced paid-up insurance allows the policyholder to convert their existing policy into a new, fully paid-up policy for a lower face amount. Instead of forfeiting the accumulated cash value of the original policy, the policyholder retains coverage, albeit at a reduced level, without the need to keep making premium payments. This maintains the insurance coverage and provides a safety net for the policyholder, even after they stop paying premiums.

While other options like cash surrender value, paid-up additions, and extended term insurance are indeed benefits associated with life insurance policies, they do not strictly represent the nonforfeiture benefits as defined by insurance regulations in the same context as reduced paid-up insurance. Cash surrender value refers to the amount available to the policyholder when they surrender the policy, paid-up additions are additional insurance bought with dividends, and extended term insurance allows the policyholder to convert the cash value into term insurance for a certain period