Trust Our Risk Management Expertise
There are only two reasons to have a loan against the cash value of your life insurance policy:
- Voluntary – You accumulated cash and found access for personal financing looked attractive.
- Involuntary – your policy didn’t perform as expected and your premiums are being paid by taking a loan against the cash value of the policy.
Regardless of why you have a loan, it is important to understand the potential negative impact it will have on your policy as you age. Ultimately the loan will be paid back in cash or out of the death benefit, or the policy will lapse.
Do you need a PointGuard to help you Plan, Innovate, and Execute on behalf of your insurance risk management needs? Contact us today to get started!