In the absence of money and suitable collateral, it is also a good choice to apply for a policy loan. But as we all know, not all insurance policies can be loaned. So, which policies can handle policy pledge loans? What are the conditions? Next, let's talk. Policy loan refers to an insurance clause agreed by the insured and the insurance company. When in urgent need of funds, the insured can use the long-term life insurance policy as collateral to apply for loans from the insurance company, which will provide loans to the insured within the cash value of the policy. Generally speaking, policies with cash value can get loans from insurance companies as long as the terms allow. Generally speaking, cash value refers to a life insurance policy with the nature of saving. Generally speaking, universal insurance, dividend insurance, whole life insurance and some old-age security all have cash value. Consumer insurance such as health insurance, accident insurance, medical insurance and investment-linked insurance cannot be used for pledged loans. The insurances that can handle policy loans include: endowment insurance, whole life insurance, endowment insurance, universal insurance, dividend insurance and other long-term life insurance with savings nature. After one year of insurance, the policy begins to have cash value. The longer the payment time, the higher the accumulated cash value. Policy loans can usually be made. In addition, policies that have been exempted from premiums cannot apply for pledged loans; Property insurance policy can't be used as pledge certificate because it has no cash value. The expected annualized interest rates of large companies such as China Life Insurance, Ping An Life Insurance Company under China Life Insurance and Xinhua Life Insurance are all 6 months.