Question
Can I take a loan against the cash value of my guaranteed acceptance life insurance?
Yes. If your coverage is in force (meaning your policy is active and you are paying your premiums) and has a cash value yes, you may obtain a loan on it. The interest rate is 8% compounded annually. Compounded interest is the interest you earn on interest. Any loan amount and interest that has not been repaid at the time of death is deducted from the death benefit. Please refer to your policy/certificate for more information or call our toll-free service number 1-877-877-8052
Related Frequently Asked Questions
Will my rate go up every year?
Will my coverage be cancelled as I age?
As I get older, will my benefits be reduced?
Can I increase the amount of my life insurance coverage?
Does this plan pay benefits even if I have other insurance?
We make customer service simple.
Managing your policy is simple and easy. Log in to your account to see:
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- Coverage amounts
- Cash value & loan information
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- Payment history
- Where to submit an address change
For Customer Support,Call 1-877-877-8052
8:30 AM to 5:30 PM (ET), Monday-Friday.
Guaranteed Acceptance Life Insurance
Coverage options starting at $9.95 a month!
State
Guaranteed Acceptance Life Insurance
Coverage options starting at $9.95 a month!
Guaranteed acceptance life insurance without medical exams, health questions or rate increases.
State