Can I use fully paid up whole life insurance policies as collateral for a personal loan? I pay no premiums on these policies.
As long as your policy has sufficient cash value, many lenders will accept it as collateral on a loan. Not all may do this, so call in advance. They may also be interested in the company with which you have your policy.
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As long as your policy has sufficient cash value, many lenders will accept it as collateral on a loan. Not all may do this, so call in advance. They may also be interested in the company with which you have your policy.
