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	<title>New answer on: When Can You Borrow From Life Insurance?</title>

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		<title>By: Tim Wilhoit</title>

		<link>https://insurancelibrary.com/life-insurance/when-can-you-borrow-from-life-insurance</link>

		<dc:creator>Tim Wilhoit</dc:creator>

		<pubDate>Fri, 12 Dec 2014 21:55:39 +0000</pubDate>

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		<description><![CDATA[First off be sure you have the type of policy with cash value in order to borrow the money. It must be either a whole life or universal life insurance policy. Term life insurance policies do not have a cash value, therefore nothing to borrow from. If you do have a permanent policy you must have paid in enough premiums to build a cash value. The typical plan takes 4 to 7 years to build cash value. If all is the case, just call the insurance carrier and ask for a loan form and enjoy the cash.]]></description>

		

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		<title>By: David Pipes</title>

		<link>https://insurancelibrary.com/life-insurance/when-can-you-borrow-from-life-insurance</link>

		<dc:creator>David Pipes</dc:creator>

		<pubDate>Tue, 18 Mar 2014 20:04:36 +0000</pubDate>

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		<description><![CDATA[A beauty of cash value life insurance is that you don’t ever have to give a reason to borrow money on the policy.  Your agent doesn’t hold the funds so the process includes a form to be sent to the home office.  The process may take a few days, but the funds should be released right away.  The policy might restrict the percentage of the cash value that is available for loans.  ]]></description>

		

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