What do you folks know about getting loans against an insurance policy? How does one do this, and what is the process?
Contact your insurance agent. If you have cash value in your insurance you can borrow against it. Keep in mind, in case of death the benifits will be reduced by the amount of the oustanding loan. http://www.creditsense.com
If you have a whole life insurance that is a few years old, you probably have some cash value. Insurance policy loans do not show up on your credit report. http://www.creditsense.com