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Glossary

Automatic Premium Loan 自動保費貸款

A policy arrangement under which an unpaid premium is automatically advanced after the grace period as an interest-bearing loan secured on the policy's cash value, keeping the policy in force.

保單條款的一種安排,在寬限期屆滿後以保單的現金價值為抵押,自動墊支未繳保費作為計息貸款,以維持保單生效。

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