Can you borrow money against your life insurance? If you can, what is the best insurance policy to purchase?

Similar questions: borrow money life insurance policy purchase.

If you have whole life or universal life insurance, you generally can It's an extremely bad deal though. Both whole life and Univeral life are just really poor savings accounts with super high fees - and if you borrow against them, the interest rates will be very high. And of course, you must have equity in them before you can borrow, so that is some time off.

Buy Term Insurance. It's cheap, it protects your family, and that's what insurance is for. If you are single, what do you need life insurance for?

Term insurance is the bestGroup Term Life insuranceA foundation of financial protectionGroup Term Life insurance is a simple product, but we don’t sell it as a commodity — even basic term can be customized to your firm’s needs — and the demands of the changing employee benefits marketplace. Employer-paid basic coverage fills an immediate need for protection at no cost to employees. Group Term Life insurance provides a base of protection employees can supplement with: * Personal savings.

* Individual life insurance. * Social Security benefits. Features * A foundation of insurance protection for employees and their families * Coverage amounts up to $50,000 paid by the employer are income tax-free to employees * A death benefit provides survivors with an "emergency fund," allowing them to use individual life insurance and other funds for long-term needs * A voluntary plan through the supplemental option, which allows employees to choose the amount of insurance that fits their personal and financial situationBenefits * Attract and retain high-caliber employees * Take advantage of a tax-deductible business expense * Use group buying power to secure competitive premium rates * Adequately insure large groups at a reasonable costIs this product right for your group?

The most popular ways to offer coverage are: * On a salary-driven basis (multiples of annual salary); or * As a flat amount of coverage ($25,000, $50,000, etc. ). A basic term plan can be customized with benefits, such as Accidental Death, Seatbelt Protection, Travel Accident and Continuing Retiree coverage. Minnesota Life presents options for employers to offer employees: * Basic Group Term Life coverage provides insurance for employees that's entirely paid by the employer * Supplemental Group Term Life coverage is voluntary coverage paid for by the employee.

Employers typically offer this insurance in conjunction with an employer-paid basic term life planThen get a loan if you need one. But with the money you'll save on Term, maybe you won't need one. Sources: My answer .

" "How do I take a life insurance policy out on my dad he is 50 and he is currently not employeed. " ""whole life insurance"" "Can you borrow money from an accidential death life insurance policy?" "When you buy a life insurance policy on yourself are you required to disclose the beneficiaries or can they be revealed? " "I have Life Insurance Policy worth about $500000-00.

Can I sell my policy to an invester for: say 350K?" "How can I find out more about life insurance?

How do I take a life insurance policy out on my dad he is 50 and he is currently not employeed.

I have Life Insurance Policy worth about $500000-00. Can I sell my policy to an invester for: say 350K?

I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.