HRS §431:6-314
Borrowing money against your life insurance policy
This section lets an insurance company lend you money using your life insurance policy as collateral. The loan amount cannot be more than the policy's cash surrender value. It only covers this basic borrowing rule.
borrowers
The statute, as written — Policy loans
An insurer may loan upon a life insurance policy, as collateral security, any sum not exceeding the cash surrender value of the policy.
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