No deductions against your personal income tax, no write offs, no depreciation.

Maybe you can find someone with very large deductibles?

This approach allows me to deduct the interest paid on the policy loan from my taxes.

This donation is tax deductible and we can provide a W-9 upon your request.

Raise your deductible.

We were looking at a $115,000 condo, but the insurance deductible was $25,000!

It isn't necessarily a worse situation, but it usually means that you will not get the same tax deductions.

I would assume almost everyone who replied it was a steal or they were paying multiples of his fees  aren’t working a w-2 with zero deductible work expenses and a couple long held long term rentals.

It also depends on if your itemized tax is higher than standard deduction for you to write off your real estate taxes...Bottom line, talk to your CPA on this since this seems more like a tax question than an asset protection question.

So for example, if you prepaid the loan by $50k it just deducts from the back end.