Can I avail of loans or withdrawals from my policy?

Asked a year ago
Yes, you can avail of loans or withdrawals from your Philamlife policy. Philamlife offers various loan and withdrawal options to policyholders to meet their financial needs. You can take out a policy loan by using the cash value of your policy as collateral. This allows you to access funds while keeping your policy active. Alternatively, you can make partial withdrawals from the accumulated cash value if your policy allows it. These withdrawals provide you with immediate cash, but they may reduce the death benefit and cash value of your policy. Philamlife values the financial flexibility of its policyholders and aims to provide convenient options for accessing funds when needed.
Christian Allen is the editor / author responsible for this content.
Answered May 3, 2024

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