September 5, 2024
The ABCs of Life Insurance Loans
Back to school today, going to college tomorrow…
As the school year gets underway, many of your clients are thinking about how fast their kids are growing up. And for some, the topic of college — and how to pay for it — is now top of mind.
So, this is a great time to remind your clients with school-age children that a loan against the cash value of their permanent life insurance policy can help cover college expenses later.
A life insurance loan may be a more affordable option than student loans. This is one of the reasons why it’s important to sufficiently fund your permanent life insurance policy: If you build cash value now, you can take a loan from your life insurance in the future.
Share these helpful resources and encourage clients to download the National Life Group client app to make taking a loan from their life insurance policy as simple as ABC.
Life insurance loan resources:
Using their mobile app, clients may be able to get a loan up to $50,000.
