Picking a bone with policy loans
By Steve Savant
Policy loans from a life insurance contract kept in force for the life of the insured can generate tax advantaged income. But policy loan provisions are varied and not necessarily guaranteed from carrier to carrier.
Today on the Business Insurance Zone, national insurance columnist Steve Savant and co-host Eric Palmer discuss current company practice versus contractual guarantees, including variable and fixed policy loans and the unaddressed policy loan accrual charges over the distribution period.