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Application for Policy Loan on Universal Life 111113Tel:2160 880013/F, 1111 King\'s Road, Taikoo Shing, Hong KongFax: 2866 0785Only applicable to HKD or USD policy: BOC Group Life Assurance Company
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How to fill out application for policy loan

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How to fill out application for policy loan

01
Contact your insurance provider to request an application for a policy loan.
02
Fill out the application form completely and accurately with your personal information, policy details, and loan amount requested.
03
Submit any required documentation along with the application, such as proof of identity, policy documents, and any other relevant paperwork.
04
Wait for your application to be reviewed and approved by the insurance provider.
05
Once approved, review the terms and conditions of the policy loan and sign any necessary agreements.
06
Receive the funds from the policy loan as per the agreed upon terms.

Who needs application for policy loan?

01
Individuals who have a life insurance policy with cash value and are in need of funds.
02
Policyholders who are looking for a way to leverage the cash value of their policy for a loan.
03
People who are in need of quick access to funds without going through the traditional loan application process.
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An application for policy loan is a formal request submitted by a policyholder to borrow money against the cash value of their insurance policy.
The policyholder or the insured individual named in the insurance policy is required to file the application for a policy loan.
To fill out an application for a policy loan, the policyholder must provide their personal information, policy number, the amount requested for the loan, and any other required details as specified by the insurance provider.
The purpose of the application for a policy loan is to allow the policyholder to access funds from the cash value of their life insurance policy for personal use, without the need to surrender the policy.
The application for a policy loan must include the policyholder's name, policy number, amount of loan requested, purpose of the loan, and any relevant identification or contact information.
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