Exam term
Policy loan
A loan an owner takes against a whole life policy's cash value; any unpaid loan and interest reduce the amount paid to the beneficiary at death.
Lessons that use this term
- Replacement notice requirements and penalties California
- Tax treatment of life insurance and annuities, including modified endowment contracts California
- Reinstatement, policy loans, and nonforfeiture options Florida
- Tax treatment of life insurance premiums, proceeds, and MECs Florida
- Individual life contract standard provisions Florida
- Core contract provisions: entire contract, insuring clause, free look, consideration, owner's rights New York
- Reinstatement, policy loans, and nonforfeiture options New York
- Tax treatment of life insurance premiums, proceeds, and MECs New York
- Traditional whole life products Texas