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Accelerated Benefit

May 26, 2021, 15:29 PM by MOSERS
I was wondering if it’s possible to borrow against a life insurance policy and if so how? Thank you. 

Your life insurance through MOSERS is term-life insurance, which means it has no cash value and you cannot borrow against it. However, if you are terminally ill with a life expectancy of less than 12 months, you may be eligible to receive a portion of your life insurance benefit (Accelerated Benefits) prior to your death, provided you meet certain conditions. For more information, please see the Life Insurance page on our website and the Accelerated Benefit Instructions

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