Life insurance loans: Is it smart to borrow from your policy?
If you found yourself facing a financial emergency without enough money in savings to cover it, borrowing from your life insurance policy might seem like a good idea.
Your cash-value whole, universal or variable universal life insurance policy can appear a tempting source for a bailout, especially if you’ve been paying into it for years.
Tuohy, Cyril, "Life insurance loans: Is it smart to borrow from your policy?" (2017). In the News. 2675.