How do I borrow against my cash value?

Call us or the company. There is no paperwork unless the loan is greater than $50,000. You’ll have the money in 7-10 days. The interest is charged upfront for the first year and then billed to you annually thereafter. You’ll receive back a pro-rated portion of interest if you pay the loan off mid-year. You may pay back the principal as you want.

Note: You borrow “against,” not “from” a whole life policy. We say “against” to remind you that while you have the insurance company’s money in your hands, your gross cash value is still earning dividends uninterrupted by the loan. For more detail about this, read our articles: “Borrowing Against Life Insurance: Why It Pays to Become Your Own Banker” and “Should You Borrow Against Your Cash Value or Withdraw it?“