September 5, 2020

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 a fixed loan rate. Most companies/policies that have a fixed loan rate usually have a 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 in interest because an institution decides to increase the rate.  The question is:  How do variable loan

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 offer both, but the policyholder must select whether we want a fixed or