Policy Loans

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August 25, 2024 3 min read Definitions
Death Benefit: Understanding Life Insurance Proceeds
Insurance Finance Life Insurance Financial Planning Beneficiaries Tax-Free Income Policy Loans
The death benefit is the amount of money paid to beneficiaries upon the death of a life insurance policyholder. It is typically the face value of the policy minus any unpaid loans or claims against the policy.
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August 25, 2024 3 min read Definitions
Nonforfeiture Provision: Protecting Policyholders' Rights in Life Insurance
Finance Insurance Life Insurance Nonforfeiture Provision Cash Surrender Value Reduced Paid-Up Insurance Extended Term Insurance Policy Loans
An in-depth exploration of nonforfeiture provisions in life insurance policies, detailing the various options available to policyholders to protect their benefits.
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August 24, 2024 3 min read Definitions
Automatic Premium Loan: Definition, Mechanism, and Common Queries
Insurance Finance Personal Finance Automatic Premium Loan Life Insurance Cash Value Premium Payments Policy Loans
An in-depth look at Automatic Premium Loans, a common feature in life insurance policies allowing insurers to cover premium payments by utilizing the policy’s cash value.
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