Can I borrow against the cash value of my life insurance policy?
Asked 6 months ago
Yes, you can borrow against the cash value of your life insurance policy with Lincoln National Life Insurance. The cash value of a policy accumulates over time as you pay your premiums and can be used as collateral for a loan. By taking a loan against your policy, you can access the funds for various needs, such as emergencies, education expenses, or even to supplement your retirement income. However, it's important to note that borrowing against your policy will reduce the death benefit and may result in tax implications if the policy lapses or is surrendered. Lincoln National Life Insurance offers competitive loan terms and flexible repayment options to ensure that policyholders can make the most of their life insurance policy's cash value when needed.
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