The Prosperity Podcast Repaying Life Insurance Loans - Episode 110
Today’s episode covers a very specific situation, however, if you have or plan on purchasing a whole life policy, this very well may be a situation that you run into. Best selling author Kim Butler and co-host Todd Strobel sit down to talk about the best way to repay debt on loans against a permanent life insurance policy. They talk about the various reasons a loan may have been made, including hard financial times - and then they discuss how to optimize the repaying of this loan. Tune in to learn more about taking control of your financial future and keeping your money safe.
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes:
0:00 Intro
0:34 How To Repay Debt on Loans Against a Permanent Life Insurance Policy
1:26 Investigating a Case Study
8:03 Why the Loan Must Be Paid Before Making More Than Minimum Pay Deposition
11:53 What Else Can Be Done to Reduce the Outlay on the Policy
13:34 What Strategies Can Be Used to Anticipate Problems Setting Up the Policy?
16:42 Resources
17:27 Outro