Policy Loans and Withdrawals
Understand how accessing policy value can affect cash value and death benefits.
The planning principle
Policy loans use the policy as collateral and accrue interest under contract terms. Loans and withdrawals can reduce available cash value and death benefits and may create additional consequences if a policy lapses.
What to review
Start with the financial objective, then compare policy or contract provisions, affordability, guarantees, non-guaranteed elements where applicable, and the consequences of changing the plan later. Product availability and underwriting vary.
Use the complete planning guide.
The guide on the main topic page includes a worksheet and comparison questions you can use before a coverage conversation.
Get the Free GuideEducational information only. This page is not tax, legal, investment, or individualized insurance advice. Review actual carrier and policy materials before making a decision.