Automatic Premium Loan,
Automatic Premium Loan Definition:
An optional term in life insurance that allows the insurance company to pay the cash value of any premium at the end of the additional period. This provision is useful to prevent accidental loss of policy.
Automatic Premium Loan definition is: An automatic premium loan in an insurance policy is a provision that allows the insurance company to deduct the unpaid premium from the policy amount when the premium is due. Premium car loan terms are often associated with monetary value in life insurance policies and allow the policy to remain valid rather than expiring due to non-payment of premiums.
The definition of Automatic Premium Loan is: The money taken from life insurance policies will help pay the premium after the end of the premium payment period.
You can define Automatic Premium Loan as, Provision of life insurance in which unpaid premiums are paid automatically at the end of the repayment period (usually 31 days) with the loan policy if the current value is sufficient.
The definition of Automatic Premium Loan is: In life insurance, there is an optional clause under which the insurer can pay any premium at the end of the discounted period from the current price.
Literal Meanings of Automatic Premium Loan
Meanings of Automatic:
(Device or process) running alone with no other direct human control.
This consciousness, without intention, is or is not created.
A pistol that fires until the ammunition runs out or the trigger is released.
Vehicles with automatic transmission
Operating mode in which certain tasks of the device are performed automatically, not manually.
Another term for sound
Sentences of Automatic
Automatic kettle that shuts off during cooking
Automatic bodily functions such as breathing
Fast automation fire
A five-speed automatic Mercedes 300SL
Synonyms of Automatic
mechanized, reflex, computerized, unconscious, instinctual, instinctive, push-button, electronic, preprogrammed, involuntary, unmanned, reflexive, unconditioned, subconscious, knee-jerk, robotic, automated, mechanical
Sentences of Premium
If the calculations are correct, the income of the pensionable worker includes the premium in addition to his salary which he has to pay to the insurance company to get equal rights.
Synonyms of Premium
extra, bonus, remuneration, extra charge, extra amount, surcharge, prize, insurance charge, instalment, additional fee, reward, recompense, insurance payment, percentage, perk, regular payment, additional payment
Meanings of Loan:
Some loans, especially money that must be repaid with interest.
Debt (cash or assets)
Narrow streets or paths, especially those leading to open spaces.
Sentences of Loan
The borrower can apply for a loan of 84 84,000
The word processing program was taken from the theater
Synonyms of Loan
credit, lend, allow, give credit, advance