Policy loan

Policy loan

A loan often made at a below-market interest rate from an insurance company to a policyholder that is secured by the cash surrender value of a life insurance policy.

Policy Loan

A loan that an insurance company extends to a policyholder with the cash surrender value of the policy as collateral. That is, if the policyholder does not repay the loan, the insurance company may take an equivalent amount out of the policyholder's death benefit. The nature of collateral has historically meant that policy loans carry low interest rates, but this is not always true. It is also called a life insurance loan.
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On Friday, 4 December, Prime Minister of Ukraine Arseniy Yatsenyuk and Ambassador of Japan in Ukraine Shigeki Sumi inked the Agreement between the Government of Ukraine and the Government of Japan on Economic Reform Development Policy Loan.
The total amount includes a water sector policy loan worth $167m, and a $43m loan for the projected Wadi Al Arab conveyer project in Irbid, to be co-financed by the European Investment Bank.
7 billion, of which US $ billion as a policy Loan Financing for Development (DPL) and $ 350 million for reconstruction and stability to the liberated areas from Daash and $ 350 million for the project of Umm Qasr -- Basra road.
4 million within the Competitiveness Development Policy Loan of the World Bank, said the Ministry of Finance.
If the policy is a MEC, a distribution (withdrawal or policy loan, including any increase in the policy loan balance because of unpaid loan interest) is taxable to the extent that policy value exceeds basis.
The World Bank has approved its first Public Finance Development Policy Loan for Poland.
The World Bank said in a statement that Egypt has requested USD one billion in the form of a Development Policy Loan (DPL).
Since the syndicated loan is a project loan and a policy loan, most of the member banks of the consortium are banks with major government stakes.
This loan builds on progress made under the World Bank's US$100 million fiscal and debt sustainability development policy loan approved in Jan.
In other words, with Select Loans, the net borrowing costs of having a policy loan varies depending on the index credits earned and/or the credited interest rates on the account value.
Previous research has examined the demand for life insurance policy loans using aggregate policy loan data.
ANKARA, Jul 1, 2010 (TUR) -- The World Bank decided to grant 700 million USD of Environmental Sustainability and Energy Sector Development Policy Loan (ESES-DPL 2) to Turkey, the Turkish Treasury Undersecretariat said on Thursday.