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Updated about 9 years ago on . Most recent reply

User Stats

29
Posts
23
Votes
Shanna Bechtel
  • Hummelstown, PA
23
Votes |
29
Posts

Whole Life Insurance as Collateral

Shanna Bechtel
  • Hummelstown, PA
Posted
Hello investors! Many of you talk about borrowing against a self directed IRA. I have no such thing but in studying creative financing, I heard about borrowing against a life insurance policy. I have not accrued much cash value yet, but the face value of my policy is $100k. Does anyone have experience with borrowing against life insurance? There is a way to sign over rights to a policy to a third party as long as payments are made. I learned that while studying for my license. Would like to hear from those of you with experience!

Most Popular Reply

User Stats

31
Posts
7
Votes
Wayne Smith
  • Information Technology
  • Wilmington, DE
7
Votes |
31
Posts
Wayne Smith
  • Information Technology
  • Wilmington, DE
Replied

@Shanna Bechtel This is what I have researched ... http://reviewopedia.com/workathome/infinite-banking-concept-reviews-legit-or-scam/

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