Do You Really Know How Policy Loans Work?
8/20/14
Published by Cindy Gentry
Taking a loan from a cash value life insurance policy is a lost tax advantage benefit. We as insurance advisors just don’t talk enough about what they are and how they work. Index Universal Life (IUL) policies have brought back more discussion on how policy loans can be used later in life. But do you really know how a policy loan in an IUL policy works?