How To Borrow Against Your Life Insurance Policy

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[mischellagreen]

You can only borrow from the cash value

[aceflamez]

Can't I just do the same and borrow against my assets but use index funds and avoid the forced obligation to pay a bill each month and get higher returns with less fees?

[noxz_]

i feel like its important to stress that you are the one owed the debt from the bank

[ussneverwin]

So pay interest on your money to a company. Seems smart

[Deem]

What type of life insurance policy do I need? I want to burrow against the policy to buy real estate

[pablourbano]

Great video! However I still dont understand how you can borrow against the cash value of your life insurance at a LOWER rate than the rate of return your cash value is growing at. Never heard a bank letting you borrow $ at a lower rate than what a savings account or term deposit would pay you. Then why would a life insurance company act differently? Normally the opposite is the norm (rate of borrowing>rate of savings) so if thats the case even if both events (the returns generated in your cash value and borrowing against it) are tax free your cash value will have to diminish over time. Please clarify and thanks in advance!

[wealthliteracy]

So you mean if I have 100k cash value, instead of withdrawing the 50k cash value, I would just “borrow”
the 50k so that my compounding interest rate is still based at 100k?

Because as far as I understand, withdrawing 50k from your cash value is just the same as surrendering the 50k and still have 50k life insurance. But your video explained it in a way that borrow 50k from your cash value so that your interest rate will still grow at 100k and if you die, you still have 100k life insurance when in fact it should be face amount less indebtedness from cash value loan(surrender cash value). Please enlighten me. Thank you!

[hiphopsmokeout]

Great information 💯🎯🏆 this my first video on borrowing life insurance money 💰

[ziro]

So, 100k insurance, borrow 50k from that, invest that 50k, then use that investment to get a loan, put the 50k back, and use the investment from the loan to pay off interest while operating? Is that right?

[flintsviews]

What is the interest rate of that insurance loan though?

[ReggieRorick]

ut if we put $100, 000 isnt that the same as having the $100, 000 in hand with judt saving? Why not just save the money instead of put it in a Life Insurance ? Im learning guys so be easy hah

[ashleywhite]

I have 1.8M in my business account, can I buy 1.8m of whole life insurance and borrow 90% of that 1.8m via a loan?

[durranpotter]

Which life insurance company should I get tho

[paulsingh]

How much is interest% to access the “tax free” against the 100k

[lukapaka]

CV life insurance is not worthwhile. Get pure insurance products like term and use what you would spend on premium to fund an IRA or HSA

[likes-yvlj]

What’s the fee or internet rate to na
Barrow against it?

[thisishowiecamp]

What difference does it make how much cash value you have, if you lose that money at death anyway?

[gustavobarrera]

Can you take out a loan against our policy right away once you get whole life insurance

[TheAj]

So let me ask this, if i get a 75k whole life policy and accure lets say 100k in a few years, could i withdraw 63k monthly like a check, and whatever i dont use monthl put it back in the policy so it keeps recurring for income?

[priestesslucy]

No clue if you still respond to questions this long after the video was published, but here goes...

How does this type of debt reflect on your Debt to Income ratio when looking for other loans? Or is the idea just to wrack up the cash value to try to use this as your exclusive lending vehicle?