All About The Fixed Loan Rate

Fixed loan interest rates are common among many insurance companies. Fixed loan rates are much easier to understand as the term “fixed” means just that – the rate is fixed and will not adjust.  With that said, it is beneficial to be aware of what features exist with policies that carry


All About The Variable Loan Rate

Variable loan interest rates on a life insurance policy are very common today.  Some hear the term “variable” and hesitate at moving forward due to the lack of control. In general, products with variable loans can result in a consumer’s paying more

What Is The Loan Interest

What Is The Loan Interest Rate? 

The loan interest rate on a policy will vary depending on the company. Typically, interest rates will vary from ~5% – 6% with most insurance companies, although some companies still carry an 8% loan interest rate.  Most Insurance policies offer a fixed or variable rate.  Some companies

Life Insurance Policy Loans

How Interest Works on Life Insurance Loans 

Interest on life insurance loans accrues at  daily, or at  annual simple interest. Let’s break this down…  We’ll start with annual simple interest. If one takes a life insurance loan out, the insurance company will charge simple interest for an annual term. Then we have the