What is a LIfe Equity Line of Credit or “LELOC” | What are the advantages and disadvantages of using one?
The Infinite Wealth Podcast
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The Third Advantage Is Checkbook Access
LZ Granderson: Checkbook access means when you need the money, you can simply write yourself a check. He says insurance companies are conservative and most of their policy owners aren't using it like we are. LZ: To get my cash value, I'm going to have to go to the insurance company. But to find that loan or that loan balance, I can find that very easily on my phone. Mm hmm. Fifth advantage, right, is the ability to deduct the interest.
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