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A policy loan allows you to borrow against the cash value of a permanent life insurance policy, such as whole or universal life. Guide to Life Insurance Loans | Guardian

Insurance-related loans generally fall into two categories: , where you borrow from your own policy’s cash value, and premium financing , where a third party lends you money to pay for insurance premiums. Both options offer unique financial flexibility but come with distinct risks and requirements. 1. Life Insurance Policy Loans insurance loans