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POLICY LOAN AGREEMENT POLICY LOAN AGREEMENTS AGREEMENT is made between The Great Eastern Life Assurance Company Limited (the Company) and the undersigned Applicants (the Borrower and Assignee). In
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How to fill out a policy loan agreement

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How to fill out a policy loan agreement

01
Obtain the policy loan agreement form from your insurance provider.
02
Fill in your personal details including name, policy number, and contact information.
03
Specify the amount you wish to borrow and the repayment terms.
04
Sign and date the agreement to acknowledge your acceptance of the terms and conditions.
05
Submit the completed form to your insurance provider for processing.

Who needs a policy loan agreement?

01
Policyholders who are in need of immediate funds and have a whole life insurance policy with a cash value.
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A policy loan agreement is a legal document that allows a policyholder to borrow money against the cash value of their life insurance policy.
The policyholder who intends to take out a loan against the cash value of their insurance policy is required to file a policy loan agreement.
To fill out a policy loan agreement, the policyholder must provide personal information, policy details, the loan amount requested, and sign the agreement.
The purpose of a policy loan agreement is to outline the terms and conditions under which the policyholder can borrow against the cash value of their insurance policy.
The information that must be reported includes the policy number, loan amount, interest rate, repayment terms, and details about the policyholder.
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