When you take out a loan against the cash value of your life insurance policy,you're really borrowing from yourself.

Name: When you take out a loan against the cash value of your life insurance policy,you're really borrowing from yourself.
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Question

Quizplus · Accepted Answer

When you take out a loan against the cash value of your life insurance policy, you are essentially borrowing money from the policy's cash value, which is your own money. Therefore, it is correct to say that you are borrowing from yourself.

When You Take Out a Loan Against the Cash Value