permanent insurance

Q: What is a policy loan? A: A policy loan is a loan from the insurance company. The policyowner’s cash value serves as collateral for the loan. Taking out a policy loan is not the same as withdrawing money from the account. Q: Who can take out a policy loan? A: The policyowner of a…

A friend of mine asked me to review some old, whole life insurance policies he had established a while back. They are dividend paying policies, payable until age 100, with a reputable, fraternal insurance company. Just like other whole life insurance policies, the cash value is guaranteed to grow at a minimum, predetermined rate, and…

Let’s take a look at two different strategies for financing the down payment of a typical buy and hold real estate investment. One strategy uses a policy loan from whole life insurance, the other uses cash from a bank account. Investment opportunity assumptions: ● Single family rental ● Purchase price: $100,000 ● 25% down payment:…

A common question we get, whether it be from a client starting his or her first policy or from someone interested in learning more about dividend paying, high cash-value whole life insurance, is, “What do I do with a policy once I have it?” So that you will get maximum benefit and enjoyment from your…