If an insured needs a loan immediately, but does not qualify based on credit, what is one alternative the insured has available?

If the insured has no cash value in a whole life insurance policy, ask the agent or broker to get a loan advance based on the future premiums to be paid.

If the insured has a whole life insurance policy with no cash value, assign the policy to a lender for immediate cash payment.

If the insured has a term policy, ask for a refund of all premiums paid, subject to restrictions.

If the insured has available cash value in a whole life insurance policy, borrow against the cash value.