member resources
Tax Consequences of Canceling a Life Insurance Policy to Pay Off Its Loan
Learn how canceling a life insurance policy to settle a policy loan affects taxes, what gains or losses to report, and key IRS rules to follow.
Every article on UseSpace Review about Loan Repayment — 6 stories covering it, newest first.
insurance essentials
Understanding How a Payable-to-Lien-Holder Auto Insurance Check Impacts Your Monthly Payment
Learn whether an auto insurance check made out to a lien holder counts as your monthly car payment, how lenders apply it, and what to do if the timing or amount differs.
insurance essentials
Repaid Life Insurance Loan Yet Received a 1099‑R
If a lender issued a 1099‑R after you repaid a life insurance loan, understand why it happened, how to handle it, and when the form is required.
insurance essentials
How Key Man Life Insurance Supports SBA Loan Requirements
Learn why SBA lenders often require key man life insurance, how it protects your loan, and what coverage options work best for small business owners.
insurance essentials
Understanding Credit Life Insurance: The Most Common Credit Protection
Credit life insurance is the most widely purchased type of credit insurance, designed to pay off a specific debt if the borrower dies.
insurance essentials
How to Take a Loan on Your New York Life Insurance Policy
Learn step‑by‑step how to borrow against a New York Life insurance policy, the costs, eligibility, and tips to keep your coverage intact.
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