Phenomenal Video my man. All of these so called "Finance Guys" have no idea how to actually utilize the benefits of a whole life 10 pay or what have you... It isn't built to rival the gains on a retirement account, it's built to free up YOUR money to work twice for you.
Hey man so I’m 18 and I’m trying to get a 20k loan or more. But if I get Life insurance which one should I get and if I do and pull out that loan will I have to make payments to the loan and my life insurance as well or just 1?
great explanation
Question... Do you know any whole life insurance companies who let you borrow at the start of the policy?
Phenomenal Video my man. All of these so called "Finance Guys" have no idea how to actually utilize the benefits of a whole life 10 pay or what have you... It isn't built to rival the gains on a retirement account, it's built to free up YOUR money to work twice for you.
Great job breaking this down.
After starting a policy, how long must I wait before I can borrow from a bank?
It depends on the carrier. Some allow loans as soon as you start a policy and your premium is credited to cash value. Some you must wait a year.
Hey man so I’m 18 and I’m trying to get a 20k loan or more. But if I get Life insurance which one should I get and if I do and pull out that loan will I have to make payments to the loan and my life insurance as well or just 1?
You should probably pay both
Wait so 80-90% is available to loan of the total amount your policy is for???
95% of the cash value