In Safe Money Patriot banking concept of life insurance policies act as collateral for loan. The Individual simply needs to call the insurance company and ask them to take out a policy loan. A whole life insurance policy is meant to cover the entirety of individual’s life, not simply to assist family and friends in the event of individual’s death. At such, The policy is eligible to pay out dividends, meaning it generate a form of income that increases the cash value of the policy over time.

  As soon as the policy is active, It possesses value and it can be borrowed against so that the individual can take money out of the policy as a loan (using the policy as collateral) to use for handling unexpected or significant expenses that occur during the Individual’s life.