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hoos73

Joined: 1/1/00 Posts: 2201
Likes: 1121


I am in the life insurance world but don't do variable, but generally if


you borrow from the policy, there is no tax hit on you. Typically the loan amount plus accrued interest ( 5%) will grow and would be deducted from death benefit at that time. The available loan amount is generally around 90% of current cash value.

(In response to this post by SabreNation)

Posted: 02/07/2019 at 2:33PM



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Current Thread:
 
  
Variable Life Insurance- Question for the Sabre -- SabreNation 02/07/2019 1:58PM
  Thanks Chef! it does state loan interest 5%** -- SabreNation 02/07/2019 2:23PM
  Thanks Hoos73! ** -- SabreNation 02/07/2019 2:34PM

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