Policy Loans
It’s important to remember that a policy loan is a loan from the mutual insurance company from which you get your whole life policy, and not a loan from yourself (as a 401k loan typically is). If you don’t understand this, the following won’t make much sense. We feel like, in most cases, policy loans […]
Accessing Money from a Whole Life Policy
Lately, a few people have asked how policy loans work when you have a whole life policy. We’ll address this in the next couple of posts. There are two typical ways to access cash from your in-force whole life policy when you are still young. There are other ways to get creative, and options that […]
Ben Doesn’t Have Any Extra Money, So How’s He Going To Fund His Whole Life Policy?
It’s one thing to decide that you love what a whole life policy can do for you, but it’s a whole other thing to find the money to pay for it. Ben was perplexed by this. For years he had done what all the financial talking heads said to do with his money, but he […]