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Updated almost 8 years ago on . Most recent reply
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Whole Life Insurance as Collateral
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!
Most Popular Reply
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@Shanna Bechtel This is what I have researched ... http://reviewopedia.com/workathome/infinite-banking-concept-reviews-legit-or-scam/