The loan amount of the policy is not calculated according to the premium, but according to the cash value of the policy, so the loan amount does not exceed 80% of the cash value of the policy at most.

Note: Only the insured can apply for a policy loan. If the applicant and the insured are not the same person, then the applicant needs the authorization of the insured when applying for a policy loan.

2. What is the age limit for Ping An policy loans?

You can apply for a policy loan before the insurance contract ends. It should be noted that many unscrupulous salesmen will mistake customers. Those who exaggerate the policy loan can only get% of the cash value, and the cash value is not much.

3. What is the maximum amount of policy loans?

When money is tight and money is needed, but there is no job, no mortgage, but insurance. In this case, can I use a policy loan? What is the maximum loan amount of a policy loan? The policy amount is determined according to the cash value of your policy, which generally does not exceed 80% of the cash value of your policy. For example, if the cash value of your policy is 6,543,800 yuan, then you can borrow up to 80,000 yuan. The cash value of each insurance policy is different. There is a cash value table in the insurance contract, and the cash value is different every year. Ms. Liu bought a dividend insurance and paid the premium of 654.38+10,000 yuan in one lump sum. Two weeks after the insurance, Ms. Liu applied for a loan under the guidance of the insurance agent because of the urgent need for project investment, and successfully applied for 780,000 yuan. However, it should be noted that the term of policy loans is generally controlled within half a year. If it expires, it is not a breach of contract, not only a penalty interest will be paid, but the contract may also be terminated. If it is more than half a year, you can cycle the loan. When revolving the loan, you only need to pay off the interest of the last loan cycle, and at the same time take the repayment date as the new value date, and the loan period of the policy will be extended. In addition, not all insurance policies can be used for loans. Some people think that only life insurance, dividend insurance, old-age insurance, annuity insurance and other insurance policies with savings nature can apply for loans from insurance companies, and the regulations of various insurance companies on the expected annualized interest rate of loans are also different. The following types of insurance policies cannot be processed: 1, short-term accident insurance and health insurance cannot be loaned because they have no cash value or the cash value is very low; 2. Medical expenses insurance, property insurance without mortgage conditions, and children's insurance with premium exemption function cannot apply for loans; 3. Investment-linked insurance with a premium of more than 654.38 million yuan can quickly accumulate considerable cash value, but its value fluctuates with the price of the investment unit, so it is impossible to determine its value.