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Life Settlement
Educational Information
Welcome Funds has compiled every term, phrase & definition related to life settlements. Have more questions? Call us toll-free at 1-877-227-4484 or complete our Quick Online Qualifier to determine your eligibility.

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DEFINITION OF POLICY LOAN AMOUNT


If your policy has accumulated account value, the life insurance company may allow you to borrow against a portion of it. Policy owners may opt for this type of loan because interest rates are generally better than bank rates. The amount you borrowed will be deducted from your death benefit until you have repaid it. Interest will accrue on a monthly/quarterly/semi-annually/annually basis per the life insurance companies contracted process.

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