Business
Some people advocate borrowing from a life insurance policy for everything. Others vehemently oppose taking a policy loan at all. What should you do? The short answer is as simple as it is unhelpful… it depends. Sometimes it makes more sense to borrow from you policy. At other times, you can save more money by borrowing money somewhere else. This generic answer doesn’t really provide any help, and so on Wealth Talks this week, Tom and John sit down and provide a deeper answer to this question, by looking at the effects of borrowing from a policy, and how you can easily decide whether you should borrow from your policy or look somewhere else.