Insurance Loan

Skyloan financial services offers easy Loan Against Insurance, so you can get funds for financial emergencies, by pledging your insurance policy as collateral. This ensures that you keep your insurance intact for emergencies, while also raising funds for immediate use.

A policy loan is issued by an insurance company and uses the cash value of a person’s life insurance policy as collateral. Sometimes it is referred to as a “life insurance loan.If a borrower fails to repay a policy loan, the money is withdrawn from the insurance death benefit.

Insurance loan is useful for people in their emergency. Insurance loan is very secure and people use it any difficult situation.