- Minimum – $500 (no minimum in Florida)
- Maximum – The policy value minus the loan balance, minus the loan interest that will accrue prior to the next anniversary, minus the greater of the surrender charge or two monthly deductions.
- Availability – After the free-look period ends
As long as there is sufficient policy value, loans allow clients access to their policy value as soon as the free-look period is over. The minimum Loan amount is $500, and the maximum loan amount is the policy value minus the loan balance, minus the loan interest that will accrue prior to the next anniversary, minus the greater of the surrender charge or two Monthly Deductions.
The policy loan interest rates on FFIUL are generally lower than rates charged by banks for similar loans. An amount equal to the policy loan will be credited with a guaranteed annual interest rate of 2%.
