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Updated over 5 years ago on . Most recent reply

Arty Fresh's profile image
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Arty Fresh
  • Member since Jun 10, 2019
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Arty Fresh's profile image
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Arty Fresh
  • Member since Jun 10, 2019
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Arty Fresh
11
Votes |
42
Posts
Tax, SDIRAs & Cost Segregation

Cashing out early on life insurance ?

Arty Fresh
Posted

I am not sure if I read it here on BP or somewhere else but I remember reading somewhere that people would get life Insurance and wait 1-2 years and then cash out $250-500k in one shot.

Anyone heard anything about this

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James Whitney's profile image
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James Whitney
  • Real Estate Agent
  • from Morristown, Indiana
  • Member since Apr 6, 2016
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James Whitney's profile image
James Whitney's profile image
James Whitney
  • Real Estate Agent
  • from Morristown, Indiana
  • Member since Apr 6, 2016
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James Whitney
  • Real Estate Agent
  • Morristown, IN
8
Votes |
15
Posts
James Whitney
  • Real Estate Agent
  • Morristown, IN
Replied

@Thomas Rutkowski I'm not going to argue I do understand my products. I also understand insurance policies are very poor investments. There are much better options out there. Have a good day.

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