Examples of 'policy loan' in a sentence
Meaning of "policy loan"
The phrase 'policy loan' refers to a type of loan that is secured by a life insurance policy. It allows the policyholder to borrow money against the cash value of their life insurance policy, using it as collateral
How to use "policy loan" in a sentence
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policy loan
Policy loan repayment amounts are applied as follows.
There are no restrictions or limitations on policy loan interest rates.
The policy loan rate in effect at the time will be charged.
A written request for a policy loan specifying the amount desired.
This amount can be used in the future for any purpose via a policy loan.
Interest on policy loans Policy loans carry interest at the policy loan rate.
You can use this cash value in the future for any purpose through a policy loan.
A Policy Loan will only be granted after Equitable Life has received a completed loan application.
The World Bank agrees to give Croatia a development policy loan.
He also took out… a policy loan under your son's name.
The value of the Shuttle Account will not be considered in any Policy Loan calculation.
Economic and monetary policy loan mechanism designed to support Member States' payments balances. *.
Then, to reduce the remainder of the policy loan balance.
This Development Policy Loan ( DPI ) was designed to support the Colombian administration 's budgetary program.
Cash value - insured may be able to take out a policy loan.
See also
First, to reduce any accrued and unpaid policy loan interest ;.
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