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Effect of Loan on Life Insurance Policy

December 12th, 2019 No comments

Question:

Please help me out with the effect of a loan on my policy.  What happens to policy crediting and am I focusing on the cash value or the cash surrender value when looking at COIs (Cost of Insurance).

Answer:

The effect of loans on life insurance policies is a source of common confusion and frustration.  There are potentially multiple effects a policy loan can have but regarding mortality charges we have to focus on the cash value and not the cash surrender value.  The reason is because of how life insurance loans actually work which is different than most people understand based on what agents tell them. For full post, click here…

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Q&A: Opinion of IUL Policies

May 24th, 2019 1 comment

Question:

I am curious as to your opinion of IUL policies? They seem to me to substantially overpromise, and they are too complicated for me to understand! Would love to hear what you think.

Answer:

Regarding IUL, I say “There’s not bad insurance as much as there is insurance done badly.” For full post, click here…

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