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Contents

  • Understanding Life Insurance Policy Loans
    • Types of Eligible Policies
      • When Can You Borrow?
        • Accumulation of Cash Value
          • Policy Requirements
          • How Policy Loans Work
            • Advantages and Risks
              • Pros
                • Cons
                • Best Practices
                  • Before Borrowing:
                    • Monitoring Your Loan:
                    • Alternative Options
                      • Professional Guidance

                        When Can You Borrow Against a Life Insurance Policy?

                        contributorcontributorcontributor
                        2.4 minute read
                        FinanceInsuranceAging and RetirementInvestment
                        A serene image of a financial advisor discussing life insurance options with a couple, with a focus on a policy document and a calculator on the table.
                        Published January 26, 2025
                        Last Updated May 29, 2025
                        contributorcontributorcontributor
                        2.4 minute read

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