Episode 110: [Mythbusters] Wait! Did I Just Pay For This Twice?

In this episode, we ask: Would you like to leave us a review? Do you experience panic moments? Have you ever felt panic around a policy loan? Have you heard Episode 34? How exactly does a policy work? Would you like to discuss this with us? What happens when you take the first loan out?...

In this episode, we ask:

Would you like to leave us a review?
Do you experience panic moments?
Have you ever felt panic around a policy loan?
Have you heard Episode 34?
How exactly does a policy work?
Would you like to discuss this with us?
What happens when you take the first loan out?
What about buying a new car with a policy loan?
Do you ever ask, “Did I just make a terrible mistake?”
Didn’t I pay for the car twice?
Is taking a policy loan better than paying cash?
Is the loan payment on top of premium?
Doesn’t it feel like you’re buying the car all over again?
Are you the banker and the borrower at the same time?
Why do bankers add capital to a bank?
Who comes in the front door of a bank?
Why do bankers love it when borrowers pay back loans?
Are banks looking for capital?
Are you setting up an actual bank?
How might you recapture the banking function?
What is a reasonable period of time?
What is the big idea?
What might you use as collateral?
What have you been saving for?
How does a Home Equity Line of Credit (HELOC) work?
How do people use HELOCs to finance education (or other life purchase)?
What are the problems with using a HELOC?
What are the benefits with a Bank on Yourself type policy?
What are the problems with 401(k) loans?
What are the benefits with a Bank on Yourself type policy?
What does this look like in an example with real numbers?
When you take a policy loan, where does it come from?
How does the policy continue to grow, even with policy loans?
What is a non-direct recognition loan feature?
Have you heard Episode 83?
Which companies offer non-direct recognition?
Does the insurance company charge you interest on a whole life insurance loan?
Are you able to skip a payment on a life insurance loan repayment?
Is the loan interest simple or compound interest?
Could the policy lapse if you take a very large policy loan?
How can you manage the policy in a healthy way?
What happens when you take money from a savings account?
Is there an opportunity cost with a policy loan?
When do you have to pay the policy loan off?
Do you interrupt the growth of your money when you borrow it?
Am I saving enough to have the money to make the purchase I want?
How will I make the purchase? Will I pay cash? Will I go into debt? Will I take a policy loan?
Have you heard Episode 54 yet?
Have you heard Episode 71 yet?
Isn’t this twice as nice?