(570) 493-0801
Leo Giombetti
REALTOR®
Lake Ariel Realty
Life insurance doesn’t have to only be used when you pass away. A permanent life insurance policy gains cash value, which is money you can withdraw while you’re still living.
The money you borrow from the policy reduces the death benefit of the policy if you don’t repay the loan while you’re living. If the loan isn’t paid back before the insured person passes away, the loan amount plus any interest owed is subtracted from the amount the beneficiaries would receive from the death benefit.
Perman...
