Скачать или смотреть Can You Take More Than One Policy Loan? | QUESTION OF THE WEEK

Can you take more than one policy loan? What if you already have an outstanding loan. Can you take another policy loan?
Gracine answers these questions in this video. Policy loans are treated like a line of credit. The cash value in a policy determines how much 'credit' you have, or how much you can borrow. If you have taken multiple loans from a policy and haven't paid them all back, as long as there is more cash value in the policy you can still borrow from it. The only thing the insurance company requires from you is interest payments on the borrowed cash value. It is important to note borrowing money from a policy without a plan to pay it back is a bad idea and, in the long run, can cripple you financially.

What is the best kind of life insurance to borrow from:    • Whole Life Insurance Explained  

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