Can I borrow against the cash value of my whole life policy?

Whole or ordinary life —This is the most common type of permanent insurance policy. It offers a death benefit along with a savings account. If you pick this ... HE "continuous" reserve basis for ordinary life insurance, as described in Jordan's textbook, 1 results from a whole life insurance payable at the moment of ... noun insurance on the life of the insured for a fixed amount at a definite premium that is paid each year in the same amount during the entire lifetime of the ... (a) For any ordinary life insurance policy delivered or issued for delivery in this state on or after January 1, 2005 that utilizes the same premium rates ... ... life insurance policies and 4-1/2% interest for all other policies, and the following tables: (a) For all ordinary policies of life insurance issued on the ... Jun 18, 2015 ... 1. For ordinary life insurance policies issued on or after the operative date of this Valuation Manual and prior to. January 1, 2020, except as ... Special Ordinary Life. This is insurance that is purchased when a Modified Life policy reduces by half on the policyholder's 65th or 70th birthday. It has the ... Sep 21, 2020 ... An ordinary life policy assumes that premiums will be paid until the insured dies. Premiums are determined by the insurance company based on the ... ... Ordinary Life Insurance ... This table was developed by the Society of Actuaries Committee on Life Insurance Research and is shown in Appendices 3-4. Insurers construct schedules of modal premium factors that reflect additional charges for the costs of collection, forgone interest, and premiums uncollected ...