How can I borrow money from my life insurance policy? This question is about Best Life Insurance

How can I borrow money from my life insurance policy?

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This question is about Best Life Insurance

William Kare, Life Insurance

@williamk33 • 05/16/16 This answer was first published on 05/16/16. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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If you have a permanent life insurance policy that builds cash value inside the policy from which you can take a loan, you can contact your life insurance agent or carrier to request how much money is available from the cash value of your policy to be taken as a loan.

You may also want to ask about the rate of interest that will be charged and when the interest payments are due.

Once the required paperwork is completed and received by the insurance company you may receive a loan from your life insurance policy in as little as 1-2 weeks.

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Affordableone Insurance LLC, Insurance Agency

@AffordableoneInsuranceLLC • 05/02/16 This answer was first published on 05/02/16. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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If you have a whole life policy or a universal life policy that provdies cash value then you only need to contact the insurance company and they will provide all the correct paperwork.

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