These are generally short-term loans that allow you to borrow small amounts of money. A life insurance loan lets you borrow money against a life insurance policy using its cash value as collateral.

Kiah Treece is a small business owner and personal finance expert with experience in loans, business and personal finance, insurance and real estate. Her focus is on demystifying debt to help ...

Loan insurance could help you pay for some or all of your personal loan in certain hardship situations, such as an unexpected layoff. A major downside of loan insurance is that it can make your ...

Permanent life insurance policies have a cash value in addition to a death benefit. You can take a loan against the cash value of your permanent life insurance policy. If you don't repay the loan ...