Whole Life Insurance as Collateral

[Shanna Bechtel]

Hello investors! Many of you talk about borrowing against a self directed IRA. I have no such thing but in studying creative financing, I heard about borrowing against a life insurance policy. I have not accrued much cash value yet, but the face value of my policy is $100k. Does anyone have experience with borrowing against life insurance? There is a way to sign over rights to a policy to a third party as long as payments are made. I learned that while studying for my license. Would like to hear from those of you with experience!