# Policy loan and policy credit

- Canonical URL: https://www.gerhardmerk.de/policy-loan-and-policy-credit
- Post ID: 592109
- Modified: 2023-07-25T21:12:36+00:00
- Language: en

## Definition

Special form of loan in which a life insurance policy is deposited as collateral. The surrender value stated in the policy then also determines the maximum loan amount. As a rule, lenders therefore waive the credit check that would otherwise be required for granting a loan. Lenders include the insurance companies themselves as well as banks and companies in the secondary market for life insurance policies. The legal basis for the policy loan is §169 VVG. - See Policy Exchange, Life Insurance, Secondary Market. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

- Generator: Merk Knowledge 1.1.1