If I borrow against the value of my life insurance, how is repayment made?
Want to borrow money from your insurance? You can, but the question is when and how your policy is written. If you don't cancel your policy, it will pay by itself. You're taking the money as a loan to avoid tax, but you really not paying it because they give you credit % per year. So the longer you don't cancel it, the better you are. Remember all insurance companies are looking for commitment to them. The more you commit the more rewards, and sometimes if you commit at least 2230 years. | 09.01.15 @ 05:24