Subject: Re: Re: Re: loan on life insurance

Comments:
: Mary, : If you have a cash value policy, by all means borrow from you life insurance policy. Yes, if you were to die before the loan were paid back the face amount of you life insurance policy would be reduced by the amount of the loan and any interest owed, that is the worst that can happen. On the other hand, if you have a Universal Life policy you can reduce the face amount of your coverage; therefore, illuminating the loan and you will owe no interest. : If you get a regular loan as Ken has suggested, you will need to start making payments immediately. At a time like this,you don’t need that added stress. : Since you want to borrow from your life insurance I assume you have been under some financial hardship. Call you agent to see if you can take a loan on your policy. : Good Luck. : : Ken, your suggestion was just plain dumb and yes,I know about a leinholder agreement and this is not the situation in which it would be called for.

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