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Borrowing for Your Small Business


Life Insurance Loans
Certain types of life insurance policies include a savings component, or cash value. You may borrow against the accumulated cash value at relatively low interest rates. Essentially, you are borrowing from your own savings. Interest rates may be fixed or variable depending on the policy. The rate of interest charged on a policy loan may be stated in the contract, or you can obtain it by contacting your insurance agent.

Caution: Usually you can repay the loan whenever you like, but remember, you bought the insurance to protect your family in the event of your death and the amount of loan outstanding when you die will be deducted from the money slated to go to your beneficiaries.



Investments and Insurance products:

NOT FDIC INSURED NOT BANK GUARANTEED MAY LOSE VALUE
NOT A BANK DEPOSIT NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY


Securities and advisory services are offered through Santander Investment Services, a division of Santander Securities LLC. Santander Securities LLC is a registered broker/dealer, Member FINRA and SIPC and a registered investment advisor. Insurance is offered through Santander Securities LLC or its affiliates.