Of course. Pacific insurance can be loaned, and the loan that can be purchased is a policy loan, which refers to a loan that is applied to an insurance company or bank with the insured policy as collateral, and belongs to a policy loan in classification. The so-called policy loan refers to a loan method in which the insured mortgages the policy he holds to the insurance company and obtains funds according to a certain proportion of the cash value of the policy. Because the customer's insurance protection is not affected in this process, the policy is still valid.

Can Pacific Insurance get a loan?

Pacific insurance can be loaned. You can apply for a loan with the Pacific insurance policy.

Policy loan actually refers to applying for a loan from an insurance company or bank with the insured policy as collateral. If you want to apply for a policy loan, then the policy you apply for must be free of premiums and claims, and you need to meet certain loan conditions when applying.

There is a difference between policy loans and bank loans of Pacific Insurance. Under normal circumstances, the interest rate of policy loans will be relatively lower than the interest rate of bank commercial loans. Moreover, the amount of the policy loan is mainly determined according to the cash value of the policy.

I have a policy with Pacific Insurance Company and want to get a loan, but the applicant and the insured are not the same person. Can only applicants get loans? Why?

Loans can be made, because the applicant for policy loans refers to the insured.

The so-called policy loan refers to a loan method in which the insured mortgages the policy he holds to the insurance company and obtains funds according to a certain proportion of the cash value of the policy. Since the customer's insurance protection is not affected in this process, the policy is still valid.

In other words, the policy loan is the right of the insured, and has nothing to do with the insured. Therefore, the applicant and the insured are not the same person, and the policy can be loaned.

An insurance company loan secured by the cash value of a life insurance policy. The one-time loanable amount of such loans depends on the effective year of the policy; The age of the insured and the amount of compensation for death when the policy is issued.

Extended data:

Matters needing attention

1. The premise of a policy loan is that it has been insured for more than two years and the insurance account has cash value. The loan amount provided by the insurance company is 70%-80% of the cash value of the customer's policy.

2. Not all insurance policies can be loaned. Enterprises and individuals who have purchased insurance policies with savings nature such as life insurance, dividend insurance, endowment insurance and annuity insurance can make corresponding loans by way of policy pledge according to the cash value of the purchased insurance.

3. The policy loan is applied by the applicant or the insured, and it is not allowed to be entrusted; Policies that have been exempted from paying premiums cannot be processed.