A Policy Loan is an alternative to surrendering the product, and can allow you to preserve the benefits of your policy. Your policy provides security for repayment of the Policy Loan, including accrued interest and policy arrears which will be added to your loan balance. Please note that if at any time your loan balance exceeds the cash value of your policy, your policy will be cancelled. This means that you would also lose any life cover or other benefits of the policy. If you wish to take out a Policy Loan, you can enter into a Mortgage of Life Policy agreement with AIA. To read the Mortgage of Life Policy terms and conditions, click here.