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Automatic Premium Loan (APL)




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 NONFORFEITURE OPTIONS.




 
RELATED PRODUCTS

Salary Assessor

Reports "up to the present day" competitive wage, salary, and incentive survey data. Provides salary ranges and median/means for over 6,100 positions in 370 U.S. and Canadian metro areas.


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