Borrowing is only available on permanent life insurance policies, such as whole or universal life, not on term policies. Borrowing from your life insurance policy requires no credit checks or ...

Taking out a loan against your life insurance policy does not count as taxable income. Learn how a taxable event occurs if ...

You may be dealing with clients who are drowning in credit card debt. Many who are in this situation may even want to borrow from life insurance to pay off debt. Your role as an advisor is crucial in ...

Taking out a loan on your life insurance policy can give you a quick infusion of cash, but only if you have the right kind of policy. And even if you can borrow from your policy, that doesn't mean you ...

One of the most valuable features of life insurance is that the beneficiary receives the death benefit income-tax free.

Permanent life insurance is usually more than a tool helping to offer lifelong financial protection. The cash value component helps offer policyholders a potential wealth-building source.

You need cash, and you’re thinking about borrowing from your life insurance policy. Right now, you’re on the fence, because you don’t know whether this idea is brilliant or extremely unwise. The last ...