Are you paying too much interest on the loan taken under your life insurance policy? Some insurance companies charge as much as 8 percent per annum. More details at:
Policy loan
There is a bank willing to refinance your loan and to charge you only 6% per annum. If you are paying 8%, you can save 2% a year through this refinancing. If your loan is $10,000, you save $200 a year.
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