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1-Minute Video: What You Can Do With a Whole Life Insurance Policy Loan

Feb 06, 2020 (0) comment , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

People often ask us what they can do with their whole life insurance policy loan – the answer is, just about anything! The growth for most college savings plans are tied to market risk, while student loans saddle the graduate with debt.

With a whole life insurance policy strategy, you know just how much money you’ll have for college tuition. You can fund your policy with money that would have gone into a retirement plan – then take regular income while the policy continues to grow through interest and dividends. Plus, enjoy the security of knowing the surviving spouse receives a tax-free death benefit. Financial emergencies can happen anytime, to anyone. But you can access cash quickly and easily with a policy loan – it’s tax-free and you pay it back when you want.

For more information on how to become your own source of financing, give us a call or visit our website today.

(289) 314-8784

 

Donald G Turnbull

Certified Cash Flow Specialist, Authorized Infinite Banking Concept Practitioner

Pickering, Ontario

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