Policy Loan

Borrowing against a permanent life policy’s cash value. No credit check, but unpaid loans (plus interest) reduce the death benefit.

This is a friendly general explanation, not legal or policy language. Exact coverage depends on your policy, carrier, and state. 🤝

Written and reviewed by the We Insure Things team — licensed independent insurance agents. Last reviewed July 23, 2026. Questions? Ask a licensed agent.