What is an automatic premium loan?

An automatic premium loan is often associated with a life insurance policy that has a cash value. It is a specific clause, or rider, within the policy that allows the insurance issuer to withdraw premium payments from the accrued value of the policy when the policyholder is unable to or neglects to continue paying.

What is an automatic premium loan?

What is an automatic premium loan?

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I was recently enrolled in my union’s PPO health plan in California and have no idea what anything means. I know nothing about scheduling doctor’s visits, regular checkups, referrals, etc. I was on a medi-cal health plan all my life and haven’t seen a doctor in about a decade. Where to start?

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What is an automatic premium loan?

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