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.
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 […]
New Video on Home Page
You might have noticed a new look to the website home page – where we’ve added a new video. If you’ve read this blog for more than a couple weeks, you’re probably aware that we’ve been warning everyone we can about the Coming Storm we will all soon face. The new video ended up mostly […]
The Ladder
“He had a dream, and behold, a ladder was set on the earth with its top reaching to heaven; and behold, the angels of God were ascending and descending on it.” (Genesis 28:12) The people that work their way through The Steward’s Calling Process vary widely. Sure, we share a belief in Christ as our […]
The Feast
“You prepare a table before me in the presence of my enemies. You anoint my head with oil; my cup overflows. Surely goodness and love will follow me all the days of my life, and I will dwell in the house of the LORD forever.” (Psalm 23:5-6) The Feast is the time where you enjoy […]
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 […]