How to read this: Actual rights depend on the insurance contract, application, underwriting, and claim facts. This page explains general concepts.
Policy loans charge interest
Borrowing against policy value is not free access to your own money.
Outstanding loans can affect policy benefits
Growing loan balances and interest may reduce surrender or death benefits and can affect policy status.
Convenience is not the same as low cost
Compare borrowing cost with alternatives and the effect on protection.
Repeated borrowing can signal a cash-flow issue
If loans are needed to pay premiums or living costs, revisit affordability.
Try a calculator
Use your own household or policy numbers to compare scenarios. Results are not insurer quotations or claim promises.
Official / industry references
General insurance education only. This is not insurance solicitation, product recommendation, underwriting advice, claim determination, legal advice, or tax advice.