What is the meaning of Policy loan?

Policy loan is a loan often made at a below-market interest rate from an insurance company to a policyholder that is secured by the cash surrender value of a life insurance policy.

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APABarry Goldsmith. (2010). policy loan. Retrieved September 25, 2026, from http://smartdefine.org/policy_loan/definitions/1160724
ChicagoBarry Goldsmith. 2010. "policy loan" http://smartdefine.org/policy_loan/definitions/1160724 (accessed September 25, 2026).
HarvardBarry Goldsmith 2010, policy loan, Smart Define, viewed 25 September, 2026, <http://smartdefine.org/policy_loan/definitions/1160724>.
MLABarry Goldsmith. "policy loan" 21 October 2010. Web. 25 September 2026. <http://smartdefine.org/policy_loan/definitions/1160724>