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The definitions contained herein are for general information only and are not
designed for use in connection with the interpretation of any insurance policy
or annuity policy issued through Insurance Answer Center.
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Life Insurance Glossary Terms 4 A B C D E F G H I J K L M N O P Q R S T U V W Y |
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Loan |
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Money, if any, that a policyholder can borrow from a deferred annuity or permanent life insurance policy. The amount of the loan is usually limited to a percentage of the cash value. Loans under a deferred annuity are fairly unusual and may result in tax complications. The Insurance Answer Center does not provide tax advice. To ensure you receive the most accurate advice please consult with your tax advisor. See also Policy Loan, Cash Value, Whole Life Insurance, Interest Sensitive Whole Life Insurance and Universal Life Insurance. |
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Learn More about Life Insurance
Start a Life Insurance Quote
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| Answer Financial(R) Inc. offers insurance products and services through its licensed affiliates Insurance Answer Center(R) Inc. (California License No. 0B99714), Answer Center Insurance Agency, Inc., and other affiliates. Answer Financial is not an insurance company. Insurance plans and services are from insurance companies and other licensed insurance-related providers. Not all products available in all states. Rates subject to change. |
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