Can I borrow money against my life insurance policy?

Yes, you can borrow money against your life insurance policy. Jackson National Life Insurance offers a feature called policy loans. Policy loans allow you to borrow against the cash value of your permanent life insurance policy. The loan amount will be based on the cash value you have accumulated in your policy. Jackson National Life Insurance provides policyholders with the flexibility to use the loan amount for any purpose, such as paying for education expenses, medical bills, or other financial needs. It is important to note that borrowing against your life insurance policy may reduce the death benefit and cash surrender value. The borrowed amount accrues interest, which will need to be repaid in the future. However, policy loans can be a convenient solution for accessing funds when needed while maintaining valuable life insurance coverage.