Compensation Glossary

# A B C D E F G H I J K L M N O P Q R S T U V W - Z

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. When the benefits are paid the pending policy loan against the policy is subtracted from the benefits.

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Policy Filing

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Policy Proceeds

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