July 30th, 2010 
danish 
If you have insurance policy life insurance and you need to borrow money, you can ask your company to anticipate some of the money will still be due when the contract expires. But this is not always advantageous.
Who has entered into a policy of life insurance can be obtained from your insurance in advance sums of money on that, sooner or later, will be entitled.
But not all policies give the option to request advance to enjoy this opportunity must have signed one of the following types of insurance:
Joint policy: the beneficiary receives income or principal on a certain date, if he dies before that date, you pay the heirs;
Whole-life policy is a contract rare (these usually have a limited life insurance: 10 or 20 years), provides for the payment of income or principal to heirs only after the death of the beneficiary at any time this happens.
Advances on policies can be obtained more easily compared to loans institutions and banks. Just ask the money in the agency where you will be made to sign a form.
Since money is advanced by the beneficiary of the policy need not provide security, because the insurance no risk. The warranty is already represented by capital that the insurance will pay.
Between the request and the actual availability of money can spend even 30 days. This way of obtaining liquidity should be taken into consideration only if there is no particular urgency.
The amount of money available at most equal to gross surrender value, i.e. what would the insurance if the contract was closed on that date.
The surrender value is generally considered to be the last annual reassessment occurred. In other words, if you ask for an advance in November, we will give you what you gave in January of that year: the purchase gained during the year does not count.
Some companies do not provide the full value of the ransom, but a percentage (usually 80 or 90%). However, this is only the figure of facade: To find what you really find it in your pocket should deduct the first installment of interest on reimbursements for the most part is an annual, and any expenses for obtaining the advance, as is for loans of banks and financial.
The insured pays interest on the advance because the capital that the company is handling continues to appreciate, in practice, falls on him the cost of upgrading that part of its capital that was anticipated and therefore, not being longer managed by the company, no longer automatically reevaluated.
Interest is often paid along with the award but on separate receipt, to avoid paying them even on the tax imposed on premiums.
Alternatively, they can also be removed from the principal at maturity. Of course the interest is payable in advance only for the portion not yet returned.
An example: the advance amounted to 2000 euro and the interest rate is 5% each year the policyholder pays a premium increased by 100 million (5% of 2000 euro), equivalent to interest.
