Can I get a loan from the insurance policy?

I often hear many friends say that buying insurance has played a role in compulsory savings, but it has also turned living money into dead money. Is it true?/You don't say. /You don't say. I bought insurance. Please have a look. This article tells you how to use your insurance policy to borrow money, turn dead money into living money, and many benefits of policy borrowing.

If you have a long-term life insurance policy, you can apply for a loan directly from the insurance company, because all long-term life insurance policies have cash value. Any policy with cash value can apply for a loan, and the general loan amount can reach up to 80% of the cash value of the policy.

1. Emergency cash: it can meet the needs of temporary capital turnover, turn the insurance policy on hand into living money, and thus generate liquidity.

3. Quick receipt: if the loan amount is below 6,543,800 yuan, it can generally be received in real time; More than 65,438+10,000 yuan is generally received the next day.

4. Flexible loan term: the loan term can be long or short, the shortest one day and the longest several years.

5. Flexible repayment method: borrow first and then pay back. If you don't pay back halfway, you will usually pay interest once every six months, and you can pay back the principal and interest together when it expires. If you need to continue to use this fund, you can also choose not to repay the principal and renew the loan with interest.

6. The rights and interests of the loan policy remain unchanged: after the loan, its original protection function is still valid, and the dividend or universal account rights and interests remain unchanged.

For example, borrowing at the current price of universal account of the policy (balance of ordinary universal account = current price of universal policy):

If your universal account has RMB 6,543,800+at the time of loan, you can borrow up to RMB 654,38+00 * 80% = 80,000, and the loan interest is calculated at 5.5%:

1 year loan interest 8 * 5.5% = 4,400 yuan; Although the loan of 80,000 yuan left 20,000 yuan in the account, the annual income of the universal account is still calculated as 6,543,800 yuan. Suppose the rate of return is conservatively calculated as 3.7%, 65,438+10,000 * 3.7% = 3,700 yuan. After deducting the income, the actual interest of a loan of 80,000 yuan is 4,400-3,700 = 700 yuan, that is, the annualized interest rate is only 0.88%. If the universal account income reaches 4.4%, it is an interest-free loan. At present, the universal account income of many insurance companies is above 4.5%. In this way, borrowing at the current price of the universal account not only has no interest, but also gains income.

7. Even if the policy loan is not repaid at maturity, it will not affect the credit record.

Do you understand the many benefits of policy loans? Borrowing with a good insurance policy will make your protection more comprehensive, your funds more flexible, and your value will be maintained and increased.