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Updated over 8 years ago,

User Stats

6
Posts
2
Votes
Brandon Colar
  • Elk Grove, CA
2
Votes |
6
Posts

Should I cash out my Custom Whole Life policy??

Brandon Colar
  • Elk Grove, CA
Posted

I have a custom whole life policy with NY Life. There is approx $50,000.00 in Net cash value. I would like to start investing that money in real estate deals. Should I close my policy and cash out, take the money and start investing??? or Borrow against the policy and pay interest back to my self while still paying the monthly premium which is around $1000 to $1200 a month?? Please let me know what you think. Thank you

@Naseer Khan

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