When you borrow against your life insurance policy, you are receiving a loan from the insurance company, you are not borrowing from the cash value within the policy. The insurance company loans you money using your policy's cash value as collateral, and that loan will accrue interest. Understanding this can help you make informed financial decisions and if you'd like to find out more, comment "infinite" for a full video breakdown. #FinancialLiteracy #GetUpleveled | Uplevel Entrepreneur
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When you borrow against your life insurance policy, you are receiving a loan from the insurance company, you are not borrowing from the cash value within the policy. The
Uplevel Entrepreneur. Uplevel Entrepreneur · Original audio. When you borrow against your life insurance policy, you are receiving a loan from the insurance company, you are not borrowing from the cash value within the policy. The insurance company loans you money using your policy's cash value as collateral, and that loan will accrue interest ...
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