A life insurance policy provides you the right protection cover. It not only secures the future of your family but also offers a good return on your investment. However, life insurance is a far more versatile investment option nowadays, also giving policyholders the benefit of availing a loan against the life insurance policy. So, not only does it provide security, but it also helps when one is going through a cash crunch. Loans against life insurance policies are becoming a popular choice for customers since a lower rate of interest is charged in comparison to a personal loan. One additional benefit of loans against a life insurance policy is that the policy value does not change with the market as in the case of loans against gold or shares.