Summary:
Today’s episode covers a very specific situation, however, if you have or plan on purchasing a whole life policy, this very well may be a situation that you run into. Best selling author Kim Butler and co-host Todd Strobel sit down to talk about the best way to repay debt on loans against a permanent life insurance policy. They talk about the various reasons a loan may have been made, including hard financial times – and then they discuss how to optimize the repaying of this loan. Tune in to learn more about taking control of your financial future and keeping your money safe.
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Show Notes:
0:00 Intro
0:34 How To Repay Debt on Loans Against a Permanent Life Insurance Policy
1:26 Investigating a Case Study
8:03 Why the Loan Must Be Paid Before Making More Than Minimum Pay Deposition
11:53 What Else Can Be Done to Reduce the Outlay on the Policy
13:34 What Strategies Can Be Used to Anticipate Problems Setting Up the Policy?
16:42 Resources
17:27 Outro