How to borrow against your whole life policy www.adpiinsurance.com

[realcard]

Thanks man I greatly appreciate the intelligence

[richardsanchez]

Remember the amount you want to borrow, must equal the amount you have in the insurance policy 🎉

[lisaslone-cameron]

With a whole life policy with a loan of $4200 and cash value of $5000 and dividends of $3300, whats the best way to get out of this mess and pay off my loan and withdrawal most of the rest of it for an emergency?

[lisaslone-cameron]

Can i use 90% of my cash value to pay off my loan and be even and take 90% of my Dividends [-] 2% of the processing fees?

[likes-yvlj]

What is a rough interest rate they would charge for the 30k after you take it out?

[InOrlando]

Why don’t you just borrow from your equity and have the tenant service that loan? This sounds too complicated, and complicated ass shit like this is always a scam.

[RG-miwj]

i bought a car for 0% interest rate, if i got a loan from my insurance company they were going to charge me "small interest rate" of 6.5%. also i only had 27, 000, the car cost 45, 000. you pay interest rate to your insurance, banks have lower rates!

[LukeCage]

Ah yes. I'll pay 30k into policy, take out a loan against my own money and pay myself back while paying the interest to the insurance company and not my own about right 🤷🏿‍♂️🤦🏿‍♂️

[atplus]

f you are good enough with your own money, I think you won't consider the whole life assurance like the ULTIMATE THING. Accept a scenario in which your bipolarity owns that dang insurance company.

[Coasterdog]

Small interest rate? 😂 Compared to a credit card maybe. Expect to pay 8% interest on that loan. Also, you're gonna have to wait 10-15 years before you can even borrow that 30k cause you'll have no cash value till then. So you're putting money into this for 10-15 years just for your money to break even (you just lost alot to inflation) and then the opportunity to pay an additional 8% interest on that money that youve finally broke even on. This system only becomes beneficial after 30-40 years. That's how the insurance companies make money on you