Which of the following is NOT one of the non-forfeiture options for a whole life policy?

In the context of whole life policies, non-forfeiture options refer to the benefits available to the policyholder if they stop paying premiums after a certain period. These options allow the policyholder to utilize some value from the policy, ensuring that they do not completely lose their investment.

Reduced paid-up insurance allows the policyholder to use the cash value of their policy to purchase a reduced amount of paid-up insurance. This means they will no longer need to pay premiums and will still have some level of coverage, albeit at a reduced face value.

Extended term insurance is another option where the policyholder can convert the cash value into a term insurance policy, allowing them to maintain coverage for a specified time period without ongoing premium payments.

Automatic premium loan, on the other hand, is a loan option that allows the insurer to automatically take a loan against the cash value of the policy to cover a missed premium payment. This keeps the policy in force even if premiums are not paid on time.

Guaranteed acceptance increase, however, is not a recognized non-forfeiture option under a whole life policy. This term typically refers to an increase in coverage that doesn’t require health questions or evidence of insurability, but it doesn’t relate to the non-forfeiture options