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	<title>New answer on: Can You Take A Loan From Your Life Insurance Policy?</title>

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		<title>By: David Racich</title>

		<link>https://insurancelibrary.com/life-insurance/can-you-take-a-loan-from-your-life-insurance-policy</link>

		<dc:creator>David Racich</dc:creator>

		<pubDate>Thu, 20 Jun 2013 22:22:42 +0000</pubDate>

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		<description><![CDATA[If you own a permanent life insurance policy that has accumulated cash values, you may be able to borrow money from it. Policy performance can vary and some policies surrender charge provisions may apply. And keep in mind that there are policy loans charges as well. The policy must be kept in force for the life of the insured or all policy loans of gain and internal policy loans will re-characterize as phantom income and taxed as ordinary income in the year of lapse or termination.
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