Borrowing Against Your Life Insurance Policy : EXPLAINED!

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Title	:	Borrowing Against Your Life Insurance Policy : EXPLAINED!
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Can you borrow against your life insurance policy to pay off you current property?
Comment from : @jayoropesa

Well i well borrow my life insurance to bitcoin , because bitcoin always outperform other big company
Comment from : @joebertpaduelan1701

Do you have a list of company’s that you can recommend to open up this kind of an account!
Comment from : @mrfredericks3275

Does a standard life/health insurance policy from an employer have the same ability to do this?
Comment from : @Godfather9814

🦾💰💡🏆⚡⚡⚡🦾
Comment from : @50000DSI

Can asian countries use this method?
Comment from : @shengwan-f9w

Can you borrow the money and turn around a put that money back in in order to earn compound interest?
Comment from : @STW0173

This is some confusing shit
Comment from : @jamespeace2984

what are the best things to look for when shopping for a life insurance policy?
Comment from : @DMAE464

If I pay $6k for a whole life insurance policy and wait 30 days for to borrow against it how much can I borrow from it, just what I paid or higher
Comment from : @poloblack1273

So,the person doesn't have to pay the policy back?
Comment from : @Latoshajsinspiration

Does the loan reduce the cash value or the death benefit?
Comment from : @bassgroove3861

Walt Disney borrowed against his life policy to make Disneyland come true
Comment from : @jmiller3579

Great move (check) It's not mate but this changes the whole board
Comment from : @kingssithigh3983

Please teach me
Comment from : @BOSSMANBEEDY

Do you have any information on the relationship between a trust and life insurance policy? As far as investing in realestate
Comment from : @SnatchWrangler

What policy best suite someone in their early 30s that can be used as a savings and growth andbin case of death the loved ones will still be protected?
Comment from : @eliakimogutu2179

I have a questionbrWhen you borrow from your life insurance money and didn’t get the chance to pay it back, does that mean if you die your beneficiaries won’t get the amount you started the life insurance for? Meaning if you bought 100k and borrowed 50k and you die does your beneficiaries get 50k or 100k ?
Comment from : @davesyfrain8896

🤔
Comment from : @AndreaSzabo7171

Can I use this strategy with my VGLI (VA) life insurance?
Comment from : @centroforex

So how long into I can barrow against this policy
Comment from : @Motionhimm

If i have a 50,000 face value on my policy can i access all that? Or is it only the amount i pay in after all the monthly payments that i can borrow?
Comment from : @brysonutsler7810

You can't get rich borrowing your own money
Comment from : @anthonydooley3616

I appreciate you trying to help, and this seems as one of the easier explanations but I still don't get it
Comment from : @justinmuhammad4561

that was great ! and i would like some more info
Comment from : @BrandonWood-x3s

I am already 44 Is startinga policy now going to be worth it, if I can't get enough money built up to be useful until I am 60?
Comment from : @ashamanassemble8899

What type of life insurance policy do I need? I want to be able to burrow against the policy
Comment from : @DeemTV1

but how long do I have to have the policy to use it as collateral?
Comment from : @moneymqdemedoit

I have a $150 a month policy for death benefit 250,000 i want to use for real estate how long would it take for me to borrow against myself
Comment from : @Vanguardnomads

Hopefully this question doesn’t come off the wrong way But what is the benefit to borrowing from the cash value of the policy vs just using a savings account?
Comment from : @liquidphoniclofi9615

which life insurance policy do you suggest I get, I am new married couple
Comment from : @lordsbeat4526

Can you do this again but SLOWER
Comment from : @FueledbyDiscipline

Who gives the loan? The bank or the same company that gave the life insurance policy?
Comment from : @account-ib2hr

its a great video! Thank you sir But I have a few question How the policy accumulate interest how interest works? and how dividend works?
Comment from : @CharlieBais

Do work life insurance work
Comment from : @Austin8150

Are you familiar with Military ServiceMember Group Life Insurance(SGLI)? Is it possible to take a loan from this policy?
Comment from : @trevantearrington4866

Great video! Is it true that you are paying yourself the interest on the loan? Or does the interest get paid to the insurance company?
Comment from : @JohnLeComte-q2z

Please I need to know more about how to use it in my county I need to understand how its done Would appriciate your help
Comment from : @ikoichie4936

Cash in life insurance? Life insurance is an account? I thought it was insurance with a monthly fee for a set payout amount if you die
Comment from : @ThatOneScienceGuy

You always say rental house but you have to remember the maintenance expenses behind it You dont really make money real state unless when you sell it when it appreciate Some time you loss money when some emergency maintenance show up
Comment from : @totiriel6079

I want to know which insurance policy I need to purchase in order to do so
Comment from : @Darcygamil

Who do you recommend to purchase a policy from???
Comment from : @mariclerobertson1713

Do you have to pay taxes on the interest or dividends?
Comment from : @politerudeboi6898

I would love to know more about this, as it is a very interesting financial vehicle I have a few questions that weren’t covered, does this have to be a whole/permanent policy or can term policies/term policies with a conversion option be used Also would you have to wait an Allred amount of time before you could borrow agains the payout for loans/mortgage etc and finally what are major risks to this ie I presume that death benefit pay out is reduced by how much you borrow against policy
Comment from : @alexscott826

Is a credit check done when someone borrows against their policy, and does it show on credit reports?
Comment from : @jennifermarques6159

What happens if you don’t pay off your loan in a timely manner?
Comment from : @clarkt9925

Do you have a minimum salary amount? I make 46k a year
Comment from : @ka8204

Yes please reach out to me … I want more information
Comment from : @jahjahbanks7491

NY Life is asking me for 55 is that competitive? If I take out $750K, what will be my monthly payments to pay off interest only? Hard to understand without a timeline for repayment what’s normal? Much thanks
Comment from : @sfpelkey

Yo teach me inbox me, please
Comment from : @WelpItWasGood

Any recommendations for a company for a life ins Policy
Comment from : @FottoFatts

Hello,brbrAfter reading all of the comments prior, to my understanding;brWhen borrowing against my life insurance policy, you are only borrowing against the cash value (ie: what you put in and the interest accumulated over time), not your death benefitbrAlso, how is the interest compounded in the policy? (Yearly?)
Comment from : @gadimidorielan6882

Thanks for the video! When taking a loan on your policy, are we borrowing against the Death Benefit or the Cash Value
Comment from : @riverflowfx

can i borrow the same day i invest in the insurance ?
Comment from : @neno56527

Does your credit score or credit report play a factor when borrowing against your life insurance policy?
Comment from : @ik4687

Can you only borrow what you put in?
Comment from : @Dethpool666

Hi I just started my life insurance and I guess I have things confused as to what I was trying to do in the first place… My agent told me I can only use cash value after a few years to get a loan against my policy but I thought I could take a loan up to 80-90 of my death benefits… can you better explain it to me
Comment from : @jacobsimons6097