Banks
Borrowing Against Whole Life Insurance at a Bank
We get many questions on using life insurance policies with cash value as collateral for bank loans. While this strategy does not work at all with a term insurance policy, whole life insurance is excellent collateral. Often, local (as opposed to large/national) banks and credit unions will lend against the cash value of life insurance. So you…
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Bank (In)Security: 3 Reasons Banks Aren’t as Safe as You Think “It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would a revolution before tomorrow morning.” – Henry Ford We’ve all heard the expression, “It’s like money in the bank!”…
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