What is difference between premium holiday and automatic premium loan?

A premium holiday is a period during which the policyholder can temporarily suspend premium payments without losing coverage, often due to financial hardship. In contrast, an automatic premium loan is a feature that allows the insurer to use the policy's cash value to pay overdue premiums, preventing the policy from lapsing. While both options help maintain coverage, the premium holiday is a voluntary pause in payments, while the automatic premium loan is a safeguard against policy lapse by utilizing accrued cash value.