How long is the SMS reminder for life insurance policy loans?

The life insurance policy loan is usually seven days before the expiration of the policy loan. If the loan has not been repaid, the insurance company will send a text message to the customer's mobile phone to remind him. Life insurance policy loan is a loan service that allows customers to use life insurance policies as collateral for loans. Such loans are usually provided when life insurance policies have cash value. The loan amount is generally about 80% of the cash value of the policy, and the annualized interest rate is generally about 5%.