Ten Reasons Bankers Borrow From Their Own Bank

No lengthy credit application which means no waiting for credit approval.

No reporting of loan activity to credit agencies.

No reporting of loan activity to state or federal government.

Funds are usually available within 24 to 48 hours by either check or electronic transfer.

Life Insurance Death Benefit Is Collateral For Loans.  

Since there is no requirement of loan repayment, loans can never default and are never reported to credit agencies.

No required repayment terms.   As your own Banker, you decide the terms of making any repayment of loan principal. 

Any loan principal repayment is immediately credited back to your bank and is available to be borrowed again.

Loan rates are guaranteed by contract and are not subject to outside economic or market factors.  Rates can be fixed or have a variable range depending on Life Insurance  company rules and treatment of dividends. 

Loan interest can be paid in cash, paid by policy dividends or can be capitalized and added to loan balance.