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Loanback |
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Loanback The ability to borrow money using one's life insurance or retirement fund as collateral. Loanbacks are available for whole life insurance but not term life insurance. Loanbacks are useful in that they allow one to access the equity of borrowers' savings. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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