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Dictionary > Definitions > Economy > Advance insurance life
Advance insurance life
An advance Insurance life is the loan by the insurer with ensured of a part of the accumulated provision.
The payments (premiums) of a policy-holder on an Insurance life constitute a provision, called "mathematical provision". The policy-holder can ask the insurer to obtain in return, before the term of his contract, a part of his provision: it is the advance Insurance life
Md.khurshed Alam
mk_alamcce@yahoo.com