You’ve heard some people borrow from their life insurance policy and don’t pay it back. And you might be thinking: “I’ll do the same thing! Why not?”
You’ll want to listen to this episode because I’ll share why not treating yourself like an honest banker is a bad idea.
I’ll also explain all the repayment options available to you, and what to do if you have a financial hardship and don’t think you can repay your loan like you had planned.
Listen now!
Show highlights include:
- “Repayment Refresher”–The many ways to repay your loan and how to set up a loan repayment. (1:47)
- Loan payment “magic trick” for life insurance loans that conventional bank loans can’t match. (3:17)
- Why I don’t recommend using dividends to repay your loan, even though you could. (5:15)
- Money’s tight? Can’t repay your loan? Try this before surrendering. (5:49)
- What really happens if you don’t repay your loan. (7:01)
- How reckless borrowing and careless repayment can combine to cost you your policy. (8:32)
- The tax return nightmare that follows a policy lapse. (9:26)
- Why the “honest banker policy” is the best approach to IBC. (9:54)
Reach out to me:
valerie@alphaomegawealth.com
https://www.linkedin.com/in/valerie-laroque-lacp-b569509
Infinite Banking Mastery (infinitebankingnorthwest.com)
