Using Life Insurance Cash Value

[Rob Shah]

Do many seasoned investors recommend to tap into your life insurance cash value as a loan to your self to fund a real estate investment? this that a good strategy for someone that has limited liquid cash in the bank account?

What are the pros/cons of this strategy?

Thanks,

Rob

[Darren Flater]

Im not an expert at all but I know as a buy and hold investor the best way to get threw the hard time is to have large cash reserves. I think many people would say that it would have helped them if they would have had more cash on hand. I agree that whole life policies are not the best investment but its a great place for me to build up a large cash reserve that I can access when I need it. Now I understand that its not the best investment but I look at it as a safety net in case I die or the market crashes. I plan to use that cash as a personal loan to purchase properties once I have two years worth of expenses set aside. Im not arguing which is right or wrong just giving my personal opinion