Can You Borrow From Supplemental Life Insurance?

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   David RacichPRO

   Fountain Hills, Arizona

   If you have cash value life insurance that has accumulated surrender values, then you can borrow money from your policy or (withdraw basis, generally after the 15th year of the policy.) All cash value life insurance policies have loan provisions that assess an interest rate charge: zero net cost loans, wash loans, spread loans, direct recognition loan and participation loans. Policy loans have two sets of rates: fixed and variable and are prices at current company practice and contractual guarantees. 

   Answered on July 4, 2013

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