Can I get a loan on a 20 yr whole life policy and how hard is it usually

Posted in Whole Life Insurance 8 months ago, 1 reply

I have whole life policy with Knight of Columbus for about
20 yrs. How difficult is it to obtain a loan? What are the norm rates of interest

Kathy
Avatar_thumbnail
It is very simple to get a loan on your whole life policy. Just call up the agent who sold it to you or call any Knights of Columbus agent and they can help you. Just an FYI, there must be cash built up in the policy in order to take a loan. Typical interest rates are 5%-8%, it depends on the company.
Avatar_thumbnail

Write a Reply


Your Name

Your Location in The World

Example: Seattle, WA
Optional: You may login or register for email notifications and to add a profile pic.

Show HTML Controls

I have photo(s) to upload with this reply.

Please Confirm You are Human

simple_captcha.jpg
(type the code from the image)