Common Contracts
1 similar Policy Loan Agreement contracts
POLICY LOAN AGREEMENTPolicy Loan Agreement • August 26th, 2008
Outstanding Loan (inclusive of interest) and Automatic Premium Loan (APL) $ New Loan $Stamp Duty Total $ Total Loan Balance $ Initial Interest Rate % per annum compounded annually The abovenamed Borrower applies to Guardian Life Limited for the NEW LOAN specified above in accordance with the terms of the above policy and agree to the following: 1. The New Loan shall be added to any existing indebtedness including accrued interest and shall hereinafter be referred to as the Total Loan.2. The Total Loan shall be repayable by installments of $ commencing (subject to any amendment in the rate of interest)3. Interest is payable on the Total Loan until the loan has been fully repaid and shall be compounded and capitalized annually, if not paid.4. The interest rate shall be the initial Interest Rate stated above and Guardian Life reserves the right to amend the rate from time to time. Interest shall accrue from the date the loan is disbursed.5. If the Total Loan and interest thereon, at any t
