An advance made by a life insurance company to a policy owner. The advance is secured by the cash value of the policy.

A loan from the insurer to a life insurance policy owner using the cash value as security for the loan.

A loan made by an insurance company to a policyholder. Policy loans are secured by the cash value of a life insurance policy. Withdrawals of earnings are fully taxable at ordinary income tax rates. If you are under age 59½ when you make the withdrawal, you may also be subject to a 10% federal income tax penalty. Also, withdrawals may reduce the ben [..]

Definition A loan made by an insurance company to a policyholder on the security of the cash value of the policy.

A loan that is given to a life insurance policyholder by the insurer. The loan cannot exceed the cash value and is secured by the cash value. When the benefits are paid the pending policy loan against [..]

A provision in a life insurance policy granting the owner the right to borrow the policy's cash value.

A policy loan is a debt secured by the cash value of a life insurance policy. If the borrower doesn't pay back the debt, the policy death benefit can be reduced by the unpaid amount.  

A loan from an insurance company against the cash surrender value of a life insurance policy.

A loan made by an insurance company to a policyholder. Policy loans are secured by the cash value of a life insurance policy. Withdrawals of earnings are fully taxable at ordinary income tax rates. If [..]

A loan made by a life insurance company from its general funds to a policyholder on the security of the cash value of a policy.

A loan made by an insurance company to a policy owner of a part or all of the cash value of the policy assigned as security for the loan

A loan that an insurer makes to the owner of a permanent life insurance policy and that is secured by the policy’s cash value.

The amount that can be borrowed under an insurance policy at a specified rate of interest from the issuing company by the policyholder, who uses the value of the policy as collateral for the loan. In the event the policyholder dies with the debt partially or fully unpaid, the insurance company deducts the amount borrowed, plus any accumulated inter [..]

A policyholder in temporary need of cash may apply for a policy loan against the security of the policy. Interest will be charged from the date of the policy loan.

A loan a life insurance company makes to a policy owner. The security for the loan is the cash value of the owner’s policy.

The borrowing against a life insurance policy's cash value. The loan may be repaid in whole or part at any time until the policy matures or the interest plus the principal equal or exceed the cas [..]

With some insurance policies, if the policy has a cash value, the policyholder can borrow money from the policy.

A loan from the insurance company to the policy owner secured by the policy's cash value.

A loan that is taken against a life insurance policy. The policy is secured by the net cash value of the policy. A policy loan can never be higher the net cash value. If the insured dies while there is an outstanding loan, then the loan will be subtracted from the death benefit payable.

A loan from the insurance company to the policy owner secured by the policy’s cash value.

A loan made by an insurance company to a policyholder on the security of the cash value of his policy.

Under some life insurance policies, if a person has enough Cash Value, he/she can borrow money from his/her own policy.

A loan made by an insurer to a policyowner of a part or all of the cash value of the policy assigned as security for the loan. This is one of the usual nonforfeiture values.

A loan made by a Life Insurance company from its general funds to a policyholder on the security of the cash value of a policy.

A loan made by an insurance company to a policyholder. Policy loans are secured by the cash value of a life insurance policy. Withdrawals of earnings are fully taxable at ordinary income tax rates. If [..]

A loan made by an insurance company to a policyholder on the security of the cash value of his policy.

A loan made by an insurance company to a policyholder. Policy loans are secured by the cash value of a life insurance policy. Withdrawals of earnings are fully taxable at ordinary income tax rates. If you are under age 59½ when you make the withdrawal, you may also be subject to a 10% federal income tax penalty. Also, withdrawals may reduce the ben [..]

The policy owner can borrow from the cash value component of many permanent insurance policies for virtually any purpose. Any policy loans that are outstanding at the time of death of the insured will be deducted from the benefit paid to the beneficiary.

A private loan made by an insurance company that uses the cash value of a life insurance policy as collateral.

A loan often made at a below-market interest rate from an insurance company to a policyholder that is secured by the cash surrender value of a life insurance policy.