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How soon can you borrow against a life insurance policy ?

1 Answer

3 votes

Answer:

About 10 years

Step-by-step explanation:

As you pay your monthly premiums, part of your payments go toward building a cash value for your policy.

This cash value grows at an interest rate determined by your policy’s terms. Once you’ve accumulated enough cash value, usually after about 10 years, you then have the option to borrow against it.

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