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Loan Provisions
What is the interest rate charged on loans?
Loan interest rates vary depending on when the policy is issued. Please contact Marsh Voluntary Benefits for loan interest rate information.
Do I have to pay taxes on the money I borrow from the cash value?
No, you do not have to pay taxes on the money you borrow. At death, the death benefit plus paid-up insurance bought with dividends less any outstanding loan balances (including principal plus interest) will be paid to your designated beneficiaries.
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Benefits effective June 6, 2008
© 2008 Marsh & McLennan Companies. All Rights Reserved. |
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