The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

AUTOMATIC PREMIUM LOAN CLAUSE Definition & Legal Meaning

Definition & Citations:

When an loan based on cash surrender value is taken out to cover life insurance premuims. It prevents loss and past due status.

Disclaimer

This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.