Using Cash Value in Life Insurance for Partial Note Investing
Hello:
Can anyone who is familiar or have used Life Insurance Cash Value for Note Investing make a suggestion, source or education material on how? Could I leverage taking a loan (@ decent APR under 5%-6%) on Cash Value on a Life Insurance Policy?
I recall hearing someone talk about this on a Podcast, can't put my finger on it.
Thanks
Kishore. P
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#5 Personal Finance Contributor
- Financial Advisor
- Boynton Beach, FL
I've done several podcasts and video training classes on how to leverage high cash value life insurance policies. This is a great way to earn more on your investments.
1. You don't want to use a policy loan. Unless you want to pay more in taxes. Your business entity can get a loan with an assignment of collateral against the policy as a personal guarantee. That loan interest is deductible.
2. I've got a shortlist of banks and lenders who are willing to provide a cash value line of credit.
3. I've got a short intro video on my profile where you can learn a little more about what I do.
4. This subject has been beat to death on this thread: https://www.biggerpockets.com/forums/519/topics/245380-paradigm-life-infinite-banking-whole-life-insurance?page=3