You'll also be charged interest for taking out a policy loan, which will be deducted from the death benefit until you pay the loan back. (bankrate.com)
It prevents people from taking out policies on critically ill people in order to collect life insurance upon their passing. (trustedchoice.com)
Lots of people take out a policy for $ 10,000 — $ 25,000 to cover these expenses and there is no medical exam required and rates are guaranteed for the rest of your life. (rootfin.com)