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What is a policy loan 2024?
Questioner：Noah Campbell 2023-05-07 12:08:01
The most authoritative answer in 2024
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Charlotte Young——Studied at the University of Melbourne, Lives in Melbourne, Australia.
A policy loan is issued by an insurance company that uses the cash value of a person's life insurance policy as collateral. Sometimes these loans are referred to as a "life insurance loan." ... If a borrower fails to repay a policy loan, the money is withdrawn from the insurance death benefit.read more >>+119962023-05-10 12:08:01
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