Which nonforfeiture option keeps the original face amount for a limited time?

The option that keeps the original face amount for a limited time is Extended Term. This nonforfeiture option allows the policyholder to convert their policy into term insurance for a specific period while retaining the same face value as the original policy. During this period, the original insurance coverage is maintained, providing the policyholder with a safety net without needing to pay premiums.

The length of time for which the coverage is extended depends on the amount of cash value built up in the policy and the premium costs associated with the term insurance. This option is particularly attractive for those who wish to maintain a level of coverage without continuing to pay the premiums associated with a whole life policy.

Other choices, while valuable in their own contexts, function differently. Reduced Paid-Up allows the policyholder to stop paying premiums and convert the policy to a smaller whole life policy, thus losing the original face amount. Cash Surrender provides a lump sum payment but terminates the policy entirely, eliminating coverage. Paid-Up Additions allows a policyholder to buy additional insurance using the policy’s cash value but does not maintain the original face amount for a limited time like the Extended Term option does.