Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

I borrowed money from my life insurance policy. How does that affect the cash value?

April 26, 2017affect borrowed cash Life Insurance money policy value

0

Posted

I borrowed money from my life insurance policy. How does that affect the cash value?

1 Answer

0

Posted

The cash value of your policy will be reduced by the outstanding amount of the loan. If you write the insurance company for the cash value of your policy, their response should include adjustments for loans outstanding against the policy.