Student at Kendriya Vidyalaya Outreach Marketing El Paso United States
An automatic premium loan is an insurance policy provision that lets an insurer deduct an outstanding premium from the cash value of a policy.
B. Tech from Delhi Technological University Electrical San Francisco United States
A life insurance nonforfeiture option that allows the insurer to pay overdue premiums on a policy by establishing a loan against the policy's cash value. See also
B.E. IT Engineering, MET's Bhujbal Knowledge City Sports Retail Agile Financial Reporting Dallas United States
Automatic Premium Loan (APL) Provision: A permanent life insurance policy non-forfeiture provision that allows an insurer to automatically pay an overdue