GSIS Policy Loan and Lapse Guidelines

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GSIS NO. 179: GSIS Policy Loan and Lapse Guidelines

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Title Supreme Court: GSIS Policy Loan and Lapse Guidelines

Law: Gsis No. 179

Decision Date: Dec 12, 2007

GSIS Resolution No. 179 establishes guidelines for the Automatic Policy Loan (APL) feature in life insurance policies, ensuring policies remain active during premium non-payment by utilizing the policy's cash value, while also detailing the conditions and processes for policy lapse.

automatic policy

loan

policy lapse

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