Episode 286: Policy Loan Interest Rates are Rising… Party at My House!

In this episode, we ask: Who needs to hear this? Where else can you get an asset that grows every single year? What did Pamela Yellen say? Would you like to take her up on the challenge? Where is the loan coming from? What are the benefits? What about getting the money out tax free?...

In this episode, we ask:

Who needs to hear this?
Where else can you get an asset that grows every single year?
What did Pamela Yellen say?
Would you like to take her up on the challenge?
Where is the loan coming from?
What are the benefits?
What about getting the money out tax free?
Why does the insurance company charge interest in the first place?
How much interest do you have to pay on a policy loan?
When do you owe the interest to the insurance company?
What are the tax benefits of loan interest?
When you take out a loan against a life insurance policy, don’t you have to pay the interest back?
What about taking out your very first policy loan?
Why are rising interest rates a good thing for policy holders?
What is the difference between simple and compound interest?
What about calculating loan interest in arrears?
What about an example?
How is this different from an annual percentage rate or APR?
What is the actual cost of the loan?
What really matters?
What is the cause?
What is the effect?
What about another example?
How did Mark get that number?!
Is your policy continuing to grow?
What can you reasonably expect?
How are Bank on Yourself® type life insurance policies designed differently from other life insurance policies?
Who can properly design Bank on Yourself® type life insurance policies?
Are your policies designed properly?
Is the devil in the details?
What about non-direct recognition policy loans?
Who is breaking compound growth?
Would you like to meet with Mark or a colleague of Mark’s?
Who charges us interest?
Who gets access?
What grows?
What is the insurance company doing?
What is going on with loan interest rates?
What are the responsibilities of the insurer?
Would you like to hear Episode 128?
How might the insurers make the best choices for their owners?
What does the contract state about policy loan interest rates?
How is the rate calculated?
What is the actual APR?
What about variable rates?
How are life insurance policy loans different from other types of loans?
What are the key differences for life insurance policy loan rates?
Will the policy lapse?
What happens when the rates rise?
Why is Mark thrilled?
Will your policy grow faster, too?
What about a hypothetical scenario?
Does this translate into higher profit distributions?
How does this affect cash value?
Does a Bank on Yourself® type life insurance policy still work if you don’t take policy loans?
What are the benefits?
What do policy owners receive?
What happens when you pay down a policy loan?
What options do you have?
What happens with an outstanding policy loan balance upon the insured’s death?
How is your policy helping to add security and confidence to your future?