How Much Can You Borrow From Your Life Insurance Policy?

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    David Osgood
    Agent, Rural Mutual Insurance Co., Union Grove, WI
    The amount that you can borrow from your cash value of your life insurance policy will possibly be different from carrier to carrier. Most carriers will allow you to borrow up to a set percentage of you life insurance policy's cash value. Contact your local agent to discuss the availability of money to borrow from your policy and your carriers requirements. Remember every policy is different. Please read your policy completely to understand the coverage provided and any exclusions that there may be or contact your local agent to have them go over the policy with you.
    Answered on November 1, 2013
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