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Glossary of TermsLoan (Policy Loan) A loan made by a life insurance company from its general funds to a policyowner on the security of the cash value of a policy.
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ACES Publications : HE-0657A whole life insurance policy has a cash value You can borrow from the cash value of your insurance policy. if you die before you repay this loan, the benefits
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whole life insurance informationWhole life is also known as Ordinary (or Permanent) life insurance. to receive in the event of policy cancellation borrow against the cash value on a loan basis
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