Form a Nevada LLC
Business Formation
Registered Agent Service
Tax ID / EIN
Legal Services
Start up Coach
Taxes and Bookkeeping
Business Credit
Call Today
A standard feature of many life insurance policies is the owner’s ability to borrow against the cash value of the policy. This does not include term insurance because it has no cash value. The borrowed money can be used for business and personal needs. It takes about two years for a policy to accumulate sufficient cash value for borrowing. Once you borrow from your policy, you will be charged interest, and the interest charged on policy loans is reasonable compared with other sources of lending. The life insurance stays in place as long as you continue to pay the insurance premiums.
Start your Nevada LLC in
24 hours guaranteed
You don’t need to live in Nevada to enjoy the best asset protection
and audit defense a Nevada LLC can provide.
To learn more, contact a Nevada Corporate Headquarters representative at 1-800-508-1729.