Policy servicing

Policy loans in Guyana

Borrowing against the cash value of a whole-of-life or endowment policy: which plans allow it, what to bring, and how a loan affects what the policy pays.

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Handled by: Demerara Mutual Life
Submit to: Head Office, Georgetown
Phone: +592 225 8991-3
Email: [email protected]

Step by step

How to take a policy loan in Guyana

What to do, in order

01Check that your policy has a cash valueWhole-of-life plans such as Super Life Protector and the Limited Pay plans, and endowment plans, build a cash value you can borrow against. Term plans such as Future Builder do not.
02Ask for the loan valueBring the policy document and identification to the office that holds the policy, or ask your agent. Staff tell you the amount available, the interest terms and how repayment works for your plan.
03Sign the loan agreementThe policyholder signs the agreement. If the policy has been assigned, the assignee signs as well.
04Receive the loanThe loan is paid to you and recorded against the policy. Premiums continue as normal, and repayments can be made at any office.

Documents to gather

3 items. Bring originals unless the note says otherwise.

Policy document
IdentificationID card or passport
Loan application formavailable at the office

Maintained by Life OperationsUpdated 23 September 2026

Good to know

Before you start

Any loan outstanding, with interest where it applies, is deducted from the amount the policy pays on death, maturity or surrender. Ask your office for the loan terms on your plan.

If a loan and its interest grow beyond the policy's cash value the policy can lapse. The office explains the position before you borrow.

Questions

Policy loans: common questions

Does a policy loan reduce what my policy pays?

Yes. Any loan outstanding, with interest where it applies, is deducted from the amount paid on death, maturity or surrender. Ask your office for the loan terms on your plan.

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