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LeoGlossary: Automatic Premium Loan (APL) Provision

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2 years ago
inLeoFinance

How to get a Hive Account

An optional provision in life insurance that authorizes the insurer to pay from the cash value any premium due at the end of the grace period. This provision is useful in preventing inadvertent lapse of the policy.

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2 years ago
leoglossary-2
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