These are items tagged with `Policy Loan`

Borrowing Money

Explore different types of loans and know the steps you can take to make wise borrowing decisions.

What Happens If You Stop Paying Premiums

If you do not pay the premiums within the grace period and do not have an automatic premium loan provision, you can surrender you policy for its cash value.

Policy Loans

With whole life, universal, or variable life insurance you can usually borrow money from the insurer.

Cash Surrender Value

Cash surrender value is the amount available when you cancel or “surrender” a whole life policy.

Life Insurance

Life insurance covers your loved ones in the case of your death.

Safe Borrowing

Be smart when entering into debt.

Important Policy Provisions

Every policy is different, but you will want to pay attention to how each handles these issues.