How Does a Policy Loan Work?
When you take a policy loan, most companies will immediately charge you the cost of interest for the rest of your policy year. In other words, if you are 3 months into a new policy year and take a loan, you will be charged up front for nine months of interest. If you decided to […]
The Disadvantages of Policy Loans from Non-Direct Recognition Companies
Yesterday, we discussed the advantages of using a policy loan over a withdrawal to access your cash value within your whole life policy. Today, let’s look at the disadvantages to using a Policy Loan to access Whole Life Cash value, which are: There is a short term cost for the loan. In normal circumstances, for […]
The Advantages of Policy Loans from Non-Direct Recognition Companies
The advantages to borrowing from your life insurance company to access cash (in other words, to take a Policy Loan) are: Your present and future compounded cash value is not affected by the loan. Your death benefit and growth of future death benefit are not affected by the loan.
Accessing Money from a Whole Life Policy
Lately, a few people have asked how policy loans work when you have a whole life policy. We’ll address this in the next couple of posts. There are two typical ways to access cash from your in-force whole life policy when you are still young. There are other ways to get creative, and options that […]
The River
“Then the angel showed me the river of the water of life, as clear as crystal, flowing from the throne of God and of the Lamb down the middle of the great street of the city. On each side of the river stood the tree of life, bearing twelve crops of fruit, yielding its fruit […]
The Orchard
“This is to my Father’s glory, that you bear much fruit, showing yourselves to be my disciples.” (John 15:8) You’ve studied what it means to be the steward who God calls you to be. You’ve become more crystal clear on His purpose in your life. You’ve established a solid foundation by nurturing every important aspect […]
The Rock
“Therefore everyone who hears these words of mine and puts them into practice is like a wise man who built his house on the rock. 25The rain came down, the streams rose, and the winds blew and beat against that house; yet it did not fall, because it had its foundation on the rock.” (Matthew […]
The Way
Stewardship is more than simply making “good” decisions and financial stewardship is more than simply making good spending, saving, and investing decisions. Stewardship is the core responsibility that God has given you to live out the life He calls you to. Money is both one of the biggest tools of temptation in your life and […]
The Branches, Leaves, & Fruit
Your Fruitful Tree empowers you to establish a strong and effective model of financial stewardship by focusing on those areas which are most essential and avoiding risk. Over the last 75 years the US Dollar has been seen as a safe haven from all risk. However, there are tremendously strong signs that this situation is […]
The Roots
Contracts are critically important in modern society. Most of the problems that people face in life are due to the fact that they didn’t have the proper contracts in place. For our purposes, we’ll look at every type of insurance that you need in your life, as well as wills, trusts, and business entities. Most […]