What is the company that sells life insurance with a low rate of interest?
My husband said it was too expensive to buy life insurance, which is why I need a good showing insurance company with the lowest interest rates and easy LOAN
Public Comments
- Judy, It is your own money when you take a loan out on your life insurance policy. The amount available is based on the cash value of your policy. The cash value is a function of the total premiums you have paid into the policy. In a very basic example, you buy a life insurance policy and pay $5,000 premium. Your cash value might be $4,000. You would be able to borrow $4,000. So if you need a loan don't buy a policy keep your money. Life insurance should not be purchased for the purposes of getting a loan. It only makes sense if you have had a policy for a number of years and want to tap into an existing cash value fund.
- If you don't have the money to pay for your life insurance, certainly don't borrow it. But if you're 30 and healthy and a nonsmoker, you can probably get $100,000 of 20 year term life for about $100 a year. Term is the biggest bang for your buck, as far as life insurance goes. He's probably looking at some gimicky life insurance, which of course costs much, much more.
- no entiendo soy de argentina
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