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What is a policy loan?

Sophia Baker | 2023-05-07 12:08:01 | page views：1999
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Isabella Rivera

Studied at the University of Buenos Aires, Lives in Buenos Aires, Argentina.
A policy loan is issued by an insurance company that uses the cash value of a person's life insurance policy as collateral. Sometimes these loans are referred to as a "life insurance loan." ... If a borrower fails to repay a policy loan, the money is withdrawn from the insurance death benefit.
2023-05-14 12:08:01
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Ethan Davis

QuesHub.com delivers expert answers and knowledge to you.
A policy loan is issued by an insurance company that uses the cash value of a person's life insurance policy as collateral. Sometimes these loans are referred to as a "life insurance loan." ... If a borrower fails to repay a policy loan, the money is withdrawn from the insurance death benefit.
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