Policy loan

Policy Loan
A loan that is given to a life insurance policyholder by the insurer. The loan cannot exceed the cash value and is secured by the cash value.

NAIC: model policy loan interest rate bill national association of insurance commissioners ...

Policy Loan: A loan made by an insurance company, secured by the cash surrender value of a life insurance policy.
Policy Reserves: The funds that a state requires an insurer to hold to cover all policy obligations.

Policy loan
A loan often made at a below-market interest rate from an insurance company to a policyholder that is secured by the cash surrender value of a life insurance policy.
Policyholder
An individual who owns an insurance policy.

Loan (Policy Loan):
A loan made by the life insurance company from its general funds to a policyowner on the strength of the cash value if a policy.
Medical Power of Attorney: ...

Policy Loan
In life insurance, a loan made by an insurance company to a policy holder using his/her policy as collateral. The terms of policy loans are frequently written into the life insurance contract.
Policy Reserves ...

policy loan A loan made by an insurance firm to a policyholder on the security of the cash value of the policy policy surrender The early termination of an insurance product by the policyholder.

PREMIUM LOAN A policy provision that allows a policy loan to be used to pay the premiums. Also know as Automatic Premium Loan (APL).

With Full Recourse (in banking)
Policy Loan (insurance term)
CIT Group Inc
Istar Finl Inc ...

See also: All-In Cost, Bond, Creditor, Hypothecation, Interest, Lien, Loan Sharking, Loan Syndication, Mortgage, Policy Loan
Demand Note
Disclosure Statement
Federal Home Loan Banks
FHLMC
Highly Leveraged Transaction - HLT ...

The person who owns and holds all rights under the policy, including the power to name and change beneficiaries, make a policy loan, assign the policy to a financial institution as collateral for a loan, withdraw funds or surrender the policy.

Roth on ROIDS is your advanced Roth IRA retirement planning strategy and one of the best IRA tax-savings strategies with benefits of a guaranteed death benefit, guaranteed principal, tax-free growth, and tax-free distributions from policy loans.

Dividends may typically be paid out as cash, as additional insurance coverage, or may be used to reduce policyholders' premiums or repay policy loans. Rules vary from company to company.
Pass-through security ...

Assets All the financial assets under the management of a company, including stocks, bonds, mortgage loans, real estate, annuities, investments, policy loans and cash.

The maximum dollar amount of coverage provided by an insurance company for a certain policy.
Policy loan ...

The cash value portion of the policy accumulates tax-deferred, and may be borrowed against in a device called a policy loan. If the loan is not repaid, the death benefit is decreased by the loan amount.

As a result, the dividends are not taxed as income.Dividends may typically be paid out as cash, as additional insurance coverage, or may be used to reduce policyholders' premiums or repay policy loans. Rules vary from company to company.

Policy Loan
A loan granted by a life assurance company to a policyholder. The extent of the loan is based on a percentage of the surrender value (typica...(Read more)
Poll Tax
See: 'council tax'...(Read more)
Ponzi Scheme ...

See also: Life insurance policy, Expense, Surrender value, Values, Cash surrender value