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Updated almost 9 years ago on . Most recent reply

Brandon Colar's profile image
Brandon Colar's profile image
Brandon Colar
  • from Elk Grove, CA
  • Member since Sep 6, 2016
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Brandon Colar's profile image
Brandon Colar's profile image
Brandon Colar
  • from Elk Grove, CA
  • Member since Sep 6, 2016
Connect
Brandon Colar
  • Elk Grove, CA
2
Votes |
6
Posts
Buying & Selling Real Estate

Should I cash out my Custom Whole Life policy??

Brandon Colar
  • Elk Grove, CA
Posted

I have a custom whole life policy with NY Life. There is approx $50,000.00 in Net cash value. I would like to start investing that money in real estate deals. Should I close my policy and cash out, take the money and start investing??? or Borrow against the policy and pay interest back to my self while still paying the monthly premium which is around $1000 to $1200 a month?? Please let me know what you think. Thank you

@Naseer Khan

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