Sentences with phrase «loans against the policy after»

Many use these types of policies as a way to supplement retirement income needs by taking loans against the policy after retirement.

Policyholders can opt for a loan against the policy after a period of 3 years.

Not exact matches

In the event that a premium payment is not received within 31 days after the premium due date, an automatic premium loan will be established against the plan so that the policy will not lapse.

Higher of Guaranteed surrender value or Special surrender value will be paid to you as Cash Surrender Value, after deduction of any outstanding amount on the policy (Policy Loan or any amount payable against your policy) and TDS * (if applicpolicy (Policy Loan or any amount payable against your policy) and TDS * (if applicPolicy Loan or any amount payable against your policy) and TDS * (if applicpolicy) and TDS * (if applicable).

But before taking out a policy loan, consider the following information to help you understand what you should know before and after borrowing against your life insurance policy.

You want a loan against your policy — Loan facility is available under this plan after the policy has acquired a Surrender Valoan against your policy — Loan facility is available under this plan after the policy has acquired a Surrender VaLoan facility is available under this plan after the policy has acquired a Surrender Value.