Sentences with phrase «against a life insurance policy rather»
The advantage of borrowing against a life insurance policy rather than taking out a personal loan is that you typically pay a much lower interest rate.
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Rather than preparing to borrow against a life insurance policy, families should carefully evaluate the costs and types of available insurance to make sure they are buying life insurance which is both affordable and appropriate for their financial circumstances.
Some whole life policies may allow you to borrow against the cash value of your life insurance policy rather than taking a withdrawal.