Borrow Against Life Insurance | Money for Cancer Patients

Borrowing From Your Life Insurance Policy: Is It Right for You?

Many cancer patients find that the financial battle is bigger than they anticipated. You may have wanted to borrow against life insurance policy, but were worried how it would affect your family. Is it worth considering? That might depend on circumstances, which can change from the time the policy was originally set up. Beneficiaries can be older and needing less life insurance as a safety net, for example.

Money for Cancer Patients

A cancer patient’s need for money can also be temporary – depending on your finances, your health insurance and your health situation. But one piece of the puzzle is how the money is made available to you.

If you have permanent life insurance, you may be able to borrow against your life insurance policy. Term life insurance, on the other hand, pays out only when the insured dies within a specified time. Permanent life insurance includes whole, universal, variable and variable universal.

Can You Borrow Against Life Insurance?

There may be a number of ways to access the cash in your policy, by selling it, for example. In that scenario, the buyer becomes the beneficiary. We do things differently. Life Credit structures our loans to keep them simple and safe. You never have to make any payments—proceeds are taken from the death benefit. And the beneficiaries you have already selected remain the beneficiaries. Best of all, there are no restrictions on what you do with the money. We make it possible for you to be in the driver’s seat when you borrow against life insurance.

Call us at 1-888-274-1777 to learn more about our Living Benefit Loan program for cancer patients and other seriously ill patients. We have trained counselors standing by who can help answer questions about how to borrow against life insurance and get the money you need now.

Life Credit Company

We are a licensed consumer lender that is dedicated to providing financial assistance for patients who are facing serious illness. With a Living Benefit Loan, from Life Credit Company, you can receive up to 50% of your life insurance policy’s death benefit today. Whether you need to catch up on medical bills, consolidate debt or take your family on a dream vacation, this is your money to spend without restrictions. If you have at least $75,000 of life insurance and have been diagnosed with cancer or other serious medical condition, you may qualify for a loan. Contact us today to speak with a professional counselor who is standing by to assist you.

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22 Comments

  1. Please attach your free Guide to Living Benefit Loans info

    Reply
  2. Does Life Credit Company Living Benefit loans apply the term Life insurance policies? Thanks, John

    Reply
    • Yes, please call us at 1-888-274-1777 to discuss how we can help.

      Reply
  3. What about diabetes?

    Reply
    • We may be able to help. Please call us at 1-888-274-1777 to speak to our professional counselors.

      Reply
  4. I was diagnosed with Merkel Cell Carcinoma on May 13, 2016. My insurance is good, but the out of pocket expenses are still burdensome. I always think that if something sounds so great, like your offer, it possibly isn’t true.

    Reply
    • We have helped hundreds of cancer patients in your situation. Please call us at 1-888-274-1777 to speak to one of our professional counselors. We look forward to assisting you.

      Reply
  5. Is 75000.00 the minimum amount of life insurance you can have?

    Reply
    • That is correct, $75,000 is our minimum requirement.

      Reply
  6. 105,000.00 But would like to use my American Airlines Life.
    I Have a 70,000.00 American Airline Life?
    10,000.00 Death

    Reply
    • Call us at 1-866-646-7094 as we may be able to assist you.

      Reply
  7. I have multiple myeloma was treated at the City of Hope with super chemo and stem cells and am in remission and i have $150,000 of term which expires in 3 years. I still have lots of expenses. Can you help me?

    Reply
    • Call us at 1-866-646-7094 as we may be able to assist you.

      Reply
  8. Hello…..I have 2 mechanical heart valves, and the other 2 are leaking mildly (possibly moderately based on symptoms..will be getting another echo this month to determine)

    I had an hemorrhagic stroke in 2012, and my cardiologist put me on medical retirement, because he believed that the potential for me to have another, was higher than another valve leak. Either way, I have had 3 open-heart surgeries for valves, and reportedly almost passed at least twice.

    I have a life insurance policy from my last employer, for $147,000. My life is based on hope vs a cure, as some cancers have. Am I possibly eligible for this program?

    Reply
    • We may be able to help. Please contact us at 1-855-900-3594

      Reply
  9. I have breast cancer do you think i.can qualify

    Reply
    • Call us at 1-866-646-7094 as we may be able to assist you.

      Reply
  10. I am 42 years old. I have Common Variable Immune Deficiency and I do Immunotherapy treatments every 3 weeks. My disease has gotten we worse. I have $100,000 whole life insurance policy through my employer. Am I too young or could you possible help me?

    Reply
    • We may be able to help, please call us at 1-844-236-2078

      Reply
  11. I have an autoimmune disease that was caused from my radiation therapy that I had for my cervical cancer with lymph node involvement. I have been in the hospital a few time and I am still trying to pay off these bills. I have insurance but my deductible is so high. I also maxed out all my credit cards just on living expenses. I have a $100,000 Term Life Police, would I be able to borrow on that type of policy or not???

    Reply
    • Call us at 1-866-646-7094 as we may be able to assist you.

      Reply

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