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Before anyone reads the title for this post/podcast and thinks we've suddenly reversed course on our fondness for cash value life insurance, think again. We've not changed our minds, we're just pointing out a few things that you might like to know in advance if you plan on using policy loans with your whole life insurance or indexed universal life insurance.
Now that I've gotten that out of the way…
Having access to policy loans is critically important, particularly for those people who bought their policy primarily for the cash accumulation and the availability of that cash to pursue other opportunities. That being said, you'd assume that taking a policy loan is just as easy as paying premiums. But is it really that simple?
Listen to find out!
