What is LOAN ON LIFE INSURANCE POLICY?

The term applied to money taken from a policy that will be deducted from the total amount unless it is paid back.

More On This Topic
  1. Can You Borrow Against a Term Life Insurance Policy?
  2. What Do You Call a Life Insurance Policy That Pays Out Regardless of Whether the Policyholder Lives or Dies?
  3. Can I Cash Out My Life Insurance Policy? What Is the Available Partial Surrender Amount?
  4. What Are the Different Types of Insurance?
  5. Is Life Insurance Money Taxable?
  6. Where Can I Find Term Life Insurance for An 81-Year-Old?
  7. Do I Get My Money Back When Cancelling a Gerber Life Insurance Policy?
  8. Is there Any Way That I Can Write Off My Life Insurance Payments on My Taxes?
  9. Understanding Section 79 Plans With Permanent Life Insurance
  10. Do Life Insurance Companies Check Your Medical Records After You Die?

Related Legal Terms
Payment Systems, Secured Transactions, Admin Law Keyed to Rogers & Krotoszynski, Contracts I, Comparative Constitutional Law, Evidence 2, Criminal Law (Keyed to Dressler), Torts (Selmi), Criminal Procedure, Nonprofit Corporate Law


Link to This Definition
Did you find this definition of LOAN ON LIFE INSURANCE POLICY helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary