Hello, during the loan period, if you can't get it temporarily, the insurance company will lend you survival money and dividends. In fact, it will lend me its own money, and they will charge interest, because the amount paid by the agent is the sum of survival money and dividends. The so-called policy loan refers to the loan method that the insured mortgages the policy to the insurance company and obtains funds according to a certain proportion of the cash value of the policy. Since the customer's insurance protection is not affected in the process of pledge loan, the policy is still valid.

1. The loan obtained from the insurance company is guaranteed by the cash value of the life insurance policy. The one-time loan amount of such loans depends on the validity period of the policy; The age of the insured and the amount of compensation for death when the policy is issued. Although recent insurance policies usually only allow borrowing at interest rates linked to the money market, the interest rate of such loans to policyholders is often lower than the market interest rate.

2. If the insured fails to repay the loan, the loan principal and interest will be deducted from the death compensation of life insurance. Generally speaking, policy loans can only be used for policies with "cash value". Long-term life insurance with saving nature, such as endowment insurance, whole life insurance, endowment insurance, universal insurance and dividend insurance, has cash value after being insured for one year. The longer the payment time, the higher the accumulated cash value. These policies can usually be used for policy loans, but the specific situation depends on the specific terms in the insurance contract.

: First, the basic types of policy loans

1. For short-term accident insurance and health insurance, policy loans cannot be made for such policies because of no cash value or low cash value. Although cash value is an important factor to evaluate whether a policy can lend, it is not only the policy with high cash value that can issue policy loans. The most typical example is linked insurance.

2. As an insurance with investment function, it is not uncommon for an investment-type joint insurance policy with a premium of over 6,543,800+to quickly accumulate considerable cash value. "Although investment-linked insurance has cash value, it is impossible to make a policy loan because the value fluctuates with the price of the investment unit."