Policy Loans
It’s important to remember that a policy loan is a loan from the mutual insurance company from which you get your whole life policy, and not a loan from yourself (as a 401k loan typically is). If you don’t understand this, the following won’t make much sense. We feel like, in most cases, policy loans […]
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 […]