Is it beneficial to take a loan against the cash value in my life insurance policy to fund an annuity with a guaranteed return that is higher than the loan interest?
Should You Borrow Against Life Insurance Cash Values?
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63333 POINTSview profilePeggy MaceMost of the U.S.You were diligent to purchase a life insurance policy with cash value potential, pay the premiums, and keep it long enough to accumulate a cash value. There is no reason that you should not borrow against your life insurance cash values, if you want to. Become acquainted with how your policy works so that you can repay the loan and retain the death benefit, or know the consequences of the loan upon your policy if you choose not to repay it later on.Answered on August 10, 2013flag this answer
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