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Loan against insurance policy
Loan against insurance policy
If you have a life insurance policy, you may be able to take out a loan against it. Our experienced agents are here to guide you through the process and help you understand your options. At Insur Insurance, we're committed to helping you make informed decisions about your insurance policy and providing you with the resources you need to protect what matters most.
Taking out a loan against your insurance policy can provide you with access to much-needed funds while also allowing you to maintain the coverage and benefits of your policy.
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Avail Loan up to 85% of surrender value of the policy. No ceiling on maximum loan amount.
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Low interest rates, charge on a daily reducing balance.
Procedure for loan against insurance policy
At Insur Insurance, we're committed to providing exceptional customer service and helping our clients get the coverage they need. Contact us today to learn more about taking out a loan against your insurance policy and how we can help you protect what matters most.
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Original policy
document -
Copy of
Identity card -
Maturity discharge
voucher
? What is a loan against insurance policy?
A loan against insurance policy is a type of loan where you borrow money from the insurance company using your life insurance policy as collateral.
? How do I qualify for a loan against insurance policy?
The specific qualifications and amount of money available will vary depending on your policy and the insurance company. Generally, you need to have a qualifying policy that has accumulated cash value.
? How much can I borrow against my insurance policy?
The amount of money available to borrow against your insurance policy will depend on the specific terms of your policy, including the amount of cash value accumulated.
? How do I repay the loan against my insurance policy?
Repayment terms will vary depending on the specific loan agreement. Typically, you'll need to make regular payments with interest until the loan is paid in full.
? What happens if I don't repay the loan against my insurance policy?
If you're unable to repay the loan against your insurance policy, the insurance company may use the cash value of your policy to pay off the outstanding balance. This could result in reduced benefits or even policy termination.
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+1 (415) 634-7835
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