Skip to Content

automatic premium loan

An automatic premium loan is 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.

On This Page

automatic premium loan

An automatic premium loan is 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.

Additional Information


This provision is useful in preventing inadvertent lapse of the policy.