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The definitions contained herein are for general information only and are not designed for use in connection with the interpretation of any insurance policy or annuity policy issued through Insurance Answer Center.
Life Insurance Glossary Terms  4 A B C D E F G H I J K L M N O P Q R S T U V W Y

Pre-authorized Check Agreement


This is a method of paying premiums on a term or permanent life insurance policy under which the policyowner authorizes the insurance company to draft money directly against the policyowner's bank account. This typically occurs on a monthly basis.

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