PodParley PodParley
PodParley
Life Insurance Policy Loans to pay Premiums – Should You DO This? episode artwork

EPISODE · Jun 18, 2019 · 12 MIN

Life Insurance Policy Loans to pay Premiums – Should You DO This?

from Wealth Talks

Catch this Special Interview with Alex. Alex contacted our office for some policy reviews after his agent told him "let policy loans pay your premiums."  This started in the 90's.  20+ years later results are plaintive. These were (and still are) good policies, but the funding strategy backfired. Policy loans can enable you to take great financial opportunities without giving up guaranteed growth + dividends on your money, and like any good strategy this can be taken too far. Good rule of thumb for Policy Loans = Make sure you're always making or saving more money than the interest when you take a policy loan. Can you use a policy loan to pay a premium if you're in a cash flow crunch? Of course, just don't make this your long-term habit. DO make sure you're always aware of the interest on any and all policy loans that you take. Plan to review your strategy regularly - about 1x year is a good idea. Contact Life Benefits for a complimentary policy review.

NOW PLAYING

Life Insurance Policy Loans to pay Premiums – Should You DO This?

0:00 12:14

No transcript for this episode yet

We transcribe on demand. Request one and we'll notify you when it's ready — usually under 10 minutes.

Share this episode

Similar Episodes

No similar episodes found.

Similar Podcasts

Kaizen Blueprint Aldo Chandra "Kaizen" is a Japanese term for continuous improvement. This podcast provides a blueprint to learn about health, wealth, relationships and everything else in between. Through our podcast, we strive to inspire, educate, and motivate our audience to cultivate a mindset of lifelong learning, productivity, and personal development. By sharing insights, strategies, and practical tips, we aim to guide listeners on their journey towards realizing their fullest potential, fostering success, and creating lasting positive change. Rich Dad's Guide to Investing II Robert T. Kiyosaki II Full Audiobook II Robert T. Kiyosaki Investing means different things to different people… and there is a huge difference between passive investing and becoming an active, engaged investor. Rich Dad’s Guide to Investing, one of the three core titles in the Rich Dad Series, covers the basic rules of investing, how to reduce your investment risk, how to convert your earned income into passive income… plus Rich Dad’s 10 Investor Controls.The Rich Dad philosophy makes a key distinction between managing your money and growing it… and understanding key principles of investing is the first step toward creating and growing wealth. This book delivers guidance, not guarantees, to help anyone begin the process of becoming an active investor on the road to financial freedom. Carnivores Don't Get Sunburn - Carnivore Diet Talks Carnivores Don't Get Sunburn - Carnivore Diet Talks Welcome to “Carnivores Don’t Get Sunburn,” where we have fun and explore the carnivore diet and its transformative power. Join us as we uncover real stories from individuals who have thrived on this diet, defying convention and embracing optimal health. Plus, stay tuned for our upcoming documentary featuring diverse carnivores overcoming health challenges. Learn more at www.carnivoredietdocumentary.com.Excitingly, we’re working on an upcoming documentary where we’ll feature carnivores from various walks of life, conquering diverse health challenges. Join us on this journey and learn more at www.carnivoredietdocumentary.com.Join us in uncovering the power of the carnivore diet. Prepare to be inspired, informed, and empowered to embrace optimal health and well-being.Welcome to “Carnivores Don’t Get Sunburn: Unveiling Real Stories of the Carnivore Diet.” Stay tuned for our upcoming documentary. Discover how this lifestyle can transform lives. Learn more at www.carnivoredietdocumentary.com IT IS WHAT IT IS with SHALLZ - SHALLY ZOMORODI Shally Zomorodi What?  "It is what it is" with ShallZ – Shally ZomorodiWhen? WeeklyHow long? 35 minutesEvery week, Mother of 4, wife, morning TV news anchor and ultimate hostess, Shally Zomorodi talks about life - its up's and downs and how to stay on track in her weekly podcast, ‘It is what it is.’  Known for her high energy, infectious smile and ability to see the cup as half full Shally talks about all things in life and how to work through its challenges. From parenting, marriage, friendships, current events to how to smile when it just seems impossible ‘It is what it is’ is the perfect podcast to help inspire you to dance through the rain.

Frequently Asked Questions

How long is this episode of Wealth Talks?

This episode is 12 minutes long.

When was this Wealth Talks episode published?

This episode was published on June 18, 2019.

What is this episode about?

Catch this Special Interview with Alex. Alex contacted our office for some policy reviews after his agent told him "let policy loans pay your premiums."  This started in the 90's.  20+ years later results are plaintive. These were (and still are)...

Can I download this Wealth Talks episode?

Yes, you can download this episode by clicking the download button on the episode player, or subscribe to the podcast in your preferred podcast app for automatic downloads.
URL copied to clipboard!