Whole Life Insurance – Use for a Loan?

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Whole Life Insurance – Use for a Loan?

Say it’s a 500k whole life insurance policy… I put in a certain amount every year, say $60k in 3 years. So the total value of the policy is $560k plus interest, keeping it simple for brevity. I then want to take a loan for 300k out of the loan and pay back the policy. How does this work and can this be done? What are the pros and cons?

BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes


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BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes

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Whole Life Insurance – Use for a Loan?

Say it’s a 500k whole life insurance policy… I put in a certain amount every year, say $60k in 3 years. So the total value of the policy is $560k plus interest, keeping it simple for brevity. I then want to take a loan for 300k out of the loan and pay back the policy. How does this work and can this be done? What are the pros and cons?

BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes


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Whole Life Insurance – Use for a Loan?

Say it’s a 500k whole life insurance policy… I put in a certain amount every year, say $60k in 3 years. So the total value of the policy is $560k plus interest, keeping it simple for brevity. I then want to take a loan for 300k out of the loan and pay back the policy. How does this work and can this be done? What are the pros and cons?

BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes


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BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes


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BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes

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Whole Life Insurance – Use for a Loan?

Say it’s a 500k whole life insurance policy… I put in a certain amount every year, say $60k in 3 years. So the total value of the policy is $560k plus interest, keeping it simple for brevity. I then want to take a loan for 300k out of the loan and pay back the policy. How does this work and can this be done? What are the pros and cons?


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BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes


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BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes


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Whole Life Insurance – Use for a Loan?

Say it’s a 500k whole life insurance policy… I put in a certain amount every year, say $60k in 3 years. So the total value of the policy is $560k plus interest, keeping it simple for brevity. I then want to take a loan for 300k out of the loan and pay back the policy. How does this work and can this be done? What are the pros and cons?


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What is the best Insurance Company to work for? Thanks!?


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