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Updated 8 months ago on . Most recent reply

Line of equity backed by Whole Life policy
Any recommendations for institutions that can extend a line of credit backed by a whole life policy?
Thanks
Most Popular Reply

Thomas Rutkowski
#5 Personal Finance Contributor
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- Financial Advisor
- Boynton Beach, FL
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Interest rates on a Cash Value line of credit are pretty high right now. Most of my clients are choosing to use a policy Loan instead (from the company). Policy Loan rates are pretty low right now... but it depends on the company too.
You can try Integrity Bank and Trust in Colorado Springs. Ask for Toby.