life insurance words
Is there a bank lends money against my insurance certificate?
I bought a whole life insurance of 100,000. After my death, the insurance company to pay the sum assured me I guess writing on politics. Is there a bank in this word and that countries are willing to lend a reasonable sum by holding my insurance policy?
You should be able to borrow from the policy itself. If you have a little value money on it and has over 60 years of age (or in poor health), could also have the option of selling to a third party. Check with your agent. I have heard of a lender to give money to a policy of $ 100k. If it was more than $ 2 million or so, some banks lend money based on the situation of collateral provided that allocating a portion of the death benefit. (This is called premium financing).
coming soon ~~ Life as a target ~~
