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Can You Use Life Insurance While You’re Still Alive

Life insurance isn't just for beneficiaries after death. Policyholders can access funds while alive through options like cash value withdrawals, loans, or living benefits, offering financial flexibility during emergencies or retirement planning.

The Hidden Risks of Borrowing Against Your Life Insurance

Borrowing against your life insurance can provide quick cash, but it carries hidden risks. These include reducing the policy's death benefit and accruing interest that can erode its value over time, potentially leaving beneficiaries with less financial support.

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