What option can Bert take to obtain funds while maintaining his permanent life insurance coverage?

Bert can take a policy loan from the insurer to obtain funds while maintaining his permanent life insurance coverage. A policy loan allows the policyholder to borrow against the cash value of their life insurance policy without having to surrender the policy. This option keeps the permanent coverage in force, meaning that the death benefit remains intact for the beneficiaries.

When a policy loan is taken, the outstanding amount accrues interest, but it does not require immediate repayment. If Bert passes away with an unpaid loan, the amount borrowed will be deducted from the death benefit. Thus, he can access necessary funds without losing his life insurance protection, making this option beneficial for maintaining long-term coverage while still providing access to cash when needed.