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Updated almost 8 years ago on . Most recent reply
![Shanna Bechtel's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/735478/1621496370-avatar-shannab4.jpg?twic=v1/output=image/cover=128x128&v=2)
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
![Wayne Smith's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/194725/1621432376-avatar-divergent.jpg?twic=v1/output=image/cover=128x128&v=2)
@Shanna Bechtel This is what I have researched ... http://reviewopedia.com/workathome/infinite-banking-concept-reviews-legit-or-scam/