You can also withdraw some or all of your investment at any time without paying a penalty, so your money is not locked in. Sanlam allows you to borrow personal cash loans from r5 000 up to r200 000 in increments of r1 000.
How Long Does Sanlam Loan Take To Pay Out, How much you can borrow from a life insurance policy varies by insurer, but the maximum policy loan amount is typically at least 90% of the cash value, with no minimum amount. You can also withdraw some or all of your investment at any time without paying a penalty, so your money is not locked in.
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