1. It should be said to be a "policy loan" or "cash value loan"

2. A policy is a marketable bond, such as buying a participating insurance and paying an annual premium of 1 Ten thousand yuan, after 10 years of payment, the cash value of the policy will be about 80,000 yuan;

3. This 80,000 yuan refers to the money that can be withdrawn if the policy is surrendered in the tenth year;

4. In other words, you have an advanced deposit of 80,000 in an insurance company (this is not professional, but easy to understand);

5. If you need money at this time, you don’t want to surrender the policy. If so, then you can borrow money from the insurance company based on the 80,000 yuan, and you can usually borrow 40,000 to 60,000 yuan;

6. The insurance company will give you an interest rate and period for repayment;

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7. Withdraw the money for urgent use, and then after you have the cash, repay the money and add interest;

8. During the borrowing time, the policy will continue to be valid, such as The amount is 300,000. If there is an accident, the insurance company will still have to pay the claim, but it will deduct the loan and interest owed from the 300,000.