You can borrow money. Insurance policies, like cars or houses, are personal assets.

Second, can I get a loan with an insurance policy?

You can use a policy loan, and the procedure is relatively simple. If you want to use the policy loan, the insured needs to bring the original policy, the original ID card and the policy loan application form. Generally speaking, after the application is successful. The loan money will be transferred to the bank account where the insured pays the premium, and the time to receive the loan is about 1-3 days.

Policy loan is actually similar to general stock pledge, and the bank will determine the amount of loan according to the "cash value" of the policy. The upper limit of policy loans varies according to the regulations of various insurance companies, generally between 80% and 90% of the cash value of the policy, and the upper limit of loans of a few insurance companies can be as high as 95% of the cash value.

The role of policy loans: 1. Through policy loans, people can greatly meet short-term needs. 2. The policy loan procedure is simple, and you can get the funds on the same day. 3. The original protection function of the policy is still valid after the loan, and you can also participate in dividends at the end of the year. 4. No creditor-debtor relationship is formed. Therefore, if the debt is not repaid at maturity, the debt liability will not be investigated.