Another thing to mention is that In a life insurance cash value loan, there is no loan application process.  You simply call the insurance company and tell them how much you want to borrow against the CV.  The money in you CV account can be borrowed no matter how good or bad your credit is.  In addition to that, there is no affect on your credit score as there would be by borrowing from the bank.  There's a ding for the credit check and another ding for the new loan which will bring down your score at the beginning of the loan.

How do i get a life insurance loan for my self

How do i get a life insurance loan for my self

How do i get a life insurance loan for my self

How do i get a life insurance loan for my self

The Best Place to Take a Loan: Life Insurance Policy or Bank Loan?