Traditionally, people buy life insurance to provide money for their beneficiaries in the event of income loss after death. However, life insurance products have evolved and integrated a savings or investment component into the policy. As a result, certain types of life insurance allow you to take out a loan against the policy. While borrowing […]
About Doug Evens
Doug Evens writes about financial topics by referencing various credible financial institutions, such as Credit Ninja, for his articles. His writing focuses on insurance planning, tax advice, and debt management. Part of his expertise is to educate readers on how to make informed financial decisions, such as making a certain investment, transfer balance, or borrowing against your insurance policy loan.