英语词汇“automatic premium loan clause”的翻译、意思、用法、释义-英汉经管词典

单词	automatic premium loan clause
释义	automatic premium loan clause Definition Provision in some life insurance policies under which (if the due premium remains unpaid after the end of grace period) an automatic loan from the policy's 'cash surrender value' is advanced to cover the premium. This clause prevents lapse of policy due to an accident, illness, or inadvertence.
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