Taking out a loan against your life insurance policy does not count as taxable income. Learn how a taxable event occurs if ...

See the tax advantages and downsides.

Only permanent life insurance policies, such as whole and universal life, offer loan options — term policies do not. Life insurance loans allow policyholders to access cash value without surrendering ...

Taking out a loan on your life insurance policy can give you a quick infusion of cash, but only if you have the right kind of policy. And even if you can borrow from your policy, that doesn't mean you ...

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Borrowing is only available on permanent life insurance policies, such as whole or universal life, not on term policies. Borrowing from your life insurance policy requires no credit checks or ...

Life insurance protects a policyholder’s loved ones when they pass away. But life insurance may also come in handy during the policyholder’s lifetime if they want to apply for a personal loan. Some ...

Variable life insurance is a permanent life insurance policy with an investment component. Learn more about how it works and ...

When shopping for life insurance, you can typically choose between a term life insurance policy or a permanent life insurance policy. Permanent life insurance policies last a lifetime and commonly ...