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Helping people get coverage, regardless of health |
    
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Helping people get coverage, regardless of health |
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In Reply to: cash value posted by sharon on August 19, 19103 at 10:36:06:
Sharon:
They might be charging you to close out the policy or leave a minimum in there that would keep the policy going. The carrier obviously isn't going to let you borrow more than the policy is worth. Also they they charge you interest, and have to allow for policy fees.
Webmaster
: We have an life insurance policy we took out on my daughter 15 years ago, I am told that the borrowing value is about $3600.00 and the cash value is $3900.00, Is the cash value and the borrowing value always this close in amount, I thought that if I turned the policy in that it would be more than the borrowing amount.