0
An Advance Premium Deposit account is a feature of a policy offered by a Life Insurance company. Think of it as a savings account, where you're free to put in money and take out money. Your life insurance premium will automatically be paid from that account, so that's one less hassle you have to worry about. You get interest on your money, so that's nice. Often you're only allowed to deposit up to the sum of all future premiums. See http://www.americansavingslife.com/policy-sales/advance-premium-deposit-(apd) for an example of one company's advance premium desposit account and read what they have to say about it.
Still curious? Ask our experts.
Chat with our AI personalities
DevinI've poured enough drinks to know that people don't always want advice—they just want to talk.
Chat with Devin
SteveKnowledge is a journey, you know? We'll get there.
Chat with Steve
ReneChange my mind. I dare you.
Chat with ReneAdd your answer:
Earn +20 ptsQ: What is Advance Premium Deposit in Insurance Company?
Write your answer...
Submit
Still have questions?
Trending Questions
What is the Longest wheelie in a car?
What makes a vehicle move?
What near-accident causes maxs speech to get muddled muddle?
What services does Sky offer when moving your house?
What do you call the symbols stuck on the end of cars?
How do you change a oil pan on a 1996 buick ciera sl?
What brands of car are offered at the Phoenix dealership in Scotland?
Does a 1991 jaguar use premium o regular gas?
Is Texas a no fault state in auto accidents?
Front end vibration and pulling to the left?
How do you put a double hung window sash back in after removing it?
Is the lack of a door alarm a problem when trying find a cheap insurance for a house?
Are tinting headlights illegal in Idaho?
Can a person get insurance on a car someone else is financing for them?
What happens when a drunk driver runs into your parked car if you don't have insurance?
What is the color of the black box of a plane?
What is the swift code for RCBC Savings bank in General Trias Cavite?
What are the types of granite?
What is the law in Washington state on returning a used car?
How much is general liability insurance for a construction company?
Copyright ©2025 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.