Myths of Borrowing Against Life Insurance Loans – Episode 146

Summary:

Today your hosts Kim Butler and No B.S. Money Guy Todd Strobel talk about the money myth of borrowing against life insurance without ever intending to pay it back. In this episode you’ll see the power of life insurance loans and get an idea on how you could use this financial vehicle in your life.

Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at welcome@ProsperityThinkers.com and we may answer it in an upcoming episode.

 
 

Links in this Episode:

Get the free ebook and audiobook – Financial Planning has FAILED

Submit your questions welcome@ProsperityThinkers.com

 
 

Show Notes:

00:00 Introduction

00:28 Today’s topic: The money myth of borrowing against a cash value life insurance policy without intending to pay it back.

01:59 How the strategy of not paying off cash value policies came about

04:27 What happened in 2008 that changed how we look at cash value policies

05:57 Why life insurance loans are so attractive

07:08 The shocking difference between taking a loan from a bank and borrowing against life insurance

09:18 Real Estate fix and flip case study example

10:49 How opportunity will seek you out if you have a position of cash

11:26 Should you overfund a life insurance policy if you have a lot of credit card debt?

14:04 Resources for more information about life insurance loans at www.partners4prosperity.com/ebook

Share this post

Facebook
Twitter
LinkedIn

Begin your journey with the Prosperity Action Pack

Get immediate access to our short ebook Your Guide to Activating Prosperity, audio recording, our summary sheet about the 7 Principles of Prosperity™, and our subscriber-only Prosperity on Purpose Round-Up. 

Just fill out this form and get access now!

How much permanent benefit high cash/value dividend paying whole life am I entitled to?

Get access to our free webinar today

Discover Financial Secrets used by the 1%