Common Contracts
1 similar Policy Loan Agreement contracts
❒ MAXIMUM AMOUNT AVAILABLEPolicy Loan Agreement • June 28th, 2018
In consideration of the sum of the loan amount requested above advanced this day by National Western Life Insurance Company (“NWL”), as a loan on the sole security of and in accordance with the Policy Loans provision contained in the above policy issued by NWL, I (we) hereby assign said policy as security for the repayment of the said loan and interest thereon. Interest shall be payable at the rate and at the times and in the manner provided in the policy. Interest which is not paid when due shall be added to the principal of the loan and shall bear interest at the same rate.
