With the continuous progress and development of the times, more and more people tend to use loans to allocate and use funds. Loans can be mortgaged not only by cars and houses, but also by insurance policies. In the process of using insurance policies to make loans, insurance policies will not be affected, one of which is life insurance loans. So, what conditions do you need to meet to apply for a life insurance loan? What are the good life insurance recommendations? I just sorted out the relevant contents, hoping to help you: the top ten insurance companies selling life insurance in 2020!

1. What is a life insurance loan?

Life insurance loan is a kind of policy loan, which is an exclusive loan service for customers with life insurance policies. Life insurance loan is a product that enables customers with life insurance policies to obtain loans at a more reasonable interest rate and faster speed. And a life insurance policy is not only an insurance certificate, but also represents the care and responsibility of the insured for the family.

2. What do I need to know before applying for a life insurance loan?

After using the life insurance policy to make a loan, the policy loan can also be used to pay the insurance premium, just choose the automatic premium payment function when insuring to prevent the policy from becoming invalid. Although the process of applying for a loan with a life insurance policy is complicated, the process of extracting the cash value of the policy through the policy loan will be much simpler, just provide the identity document, the policy and fill in the relevant forms. What needs to be known is that there is no fixed repayment schedule for policy loans, and repayment is flexible. The repayment time and amount can be selected according to your actual situation. In short, timely repayment and good reputation can always make things better.

Three, life insurance loans for people:

1, age 2 1~55 years old;

2. Have lived in the city where the application is made at the current place of residence for six months;

3. salaried: working in the current position for more than six months;

4. Self-employed: the business license has been registered for one year.

Four, life insurance loan application conditions:

1. The loan applicant needs to be a life insurance applicant;

2. The payment method is a period of time, not wholesale payment;

3. The payment period of the policy needs to be greater than or equal to three years, and the policy is still in the payment period when the loan is made;

4. The life insurance policy is valid for at least six months;

5, life insurance policy monthly premium of not less than two hundred yuan;

6. The payment period of the life insurance policy shall not be less than the payment period of the policy;

7. The policyholders of life insurance policies have not changed in the past year.