You can get a loan to buy China Life Insurance, and it's easier to get approval!

2. Can I borrow money from China life insurance policy?

Policy loan process:

1. Prepare all the materials required for the loan, including the original personal identity card (if the applicant and the insured are not the same person, the original identity card of the insured should also be prepared), the original insurance policy and the information specified by the bank and insurance company, and apply for a loan at the lending institution;

2. The staff of the lending institution accepts the application and reviews the materials;

3. After approval, the banking institution determines the loan amount and signs a loan contract with the borrower. After the contract is signed, the insurance policy will be left to the lending institution as collateral to issue loans;

4. The borrower shall repay the loan principal and interest as stipulated in the contract.

3. Can I get a loan to buy China Life?

1. Not all loans depend on whether your terms (dividend type) are risky or have loan functions. If there is a loan clause in the terms, it means that it can be borrowed. The maximum amount of loans. Depending on how many years you have bought it, the term is mainly based on the new insurance law, that is, before June 65438+ 10/in 2009, the maximum loan amount is 80% of the cash value. \x0 Every company is different. Before 20 1 1, China Life was 5.56%, and after 20 1 1, it was dynamic, mainly depending on the public. Borrowing time. China Life's longest loan period is 6 months. This does not mean that it can only be borrowed for six months, but only once every six months. The trial calculation of your loan is also based on this time. If it is not paid after 6 months, you can repay the principal without any formalities. 6-month loan interest = refinancing principal. Calculate the loan interest with the new loan principal until the cash value is insufficient to pay the loan. Emphasize that the loan interest rate will be settled on the repayment date. If your insurance contract expires, the loan interest will still be calculated, so it is the responsibility and obligation of the insured to repay the loan as soon as possible.

4. Can I get a loan to buy China Life?

Can life insurance borrow money from it?