Borrowing Against Cash Value of Life Insurance – Episode 108

Summary:

Approximately seven years ago, many good, profitable businesses found themselves in a bind because their line of credit was pulled by the bank, and ultimately had to shut down. Many business owners wonder if there is a way to continue to feed their business if the worst should happen to again and their access to reliable credit is cut off. Today on the Prosperity Podcast, best selling author Kim Butler and co-host Todd Strobel reach out to those trying to grow and manage their own business to discuss the importance of being able to borrow against cash value of life insurance in instances where credit is not an option.

If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!

Show Notes:

00:00 Intro

00:33  Reaching Out to the Self Employed

01:02 Keeping Our Doors Open With Cash Value of Life Insurance

04:41 How Do You Access Your Cash Value of Life Insurance?

07:21 The Problem With Seven Year Apnesia

07:59 What Do I Have To Do To Pay It Back?

13:15 What Could a Death Benefit Be Useful For in Business?

14:22 Should This Be Set Up as a Business Expenditure?

16:04 Outro

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