(860) 623-5557

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915 Sullivan Ave Suite #7

South Windsor, CT 06074

Monday - Friday

9:00 a.m. - 5:00 p.m. EST

Saturday & Evenings Upon Request and Availability

Policy Loan

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A loan made by an insurance company to a policyholder. Policy loans are secured by the cash value of a life insurance policy. Withdrawals of earnings are fully taxable at ordinary income tax rates. If you are under age 59_ when you make the withdrawal, you may also be subject to a 10% federal income tax penalty. Also, withdrawals may reduce the benefits and value of the contract.

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