Have you heard the first episode in this series, Episode 205?Which is better: a 401(k) loan or a whole life insurance policy loan?How many of 401(k) investors have an outstanding loan?Should the 401(k) loan be the first choice or the last choice?What is the process for getting a 401(k) loan?What are the 13 steps?How long does it take to get a 401(k) loan?What happens with a whole life insurance policy loan?What are the limits?What can you use the money for?What do the proponents of the 401(k) loan say?Are 401(k) loans a taxable event?Are taxes due?How will you be repaying that 401(k) loan?Will you pay taxes twice?What’s your bracket?Have you seen the show notes on Episode 110?What happens if you borrow from your 401(k) and you lose your job?How fast must you repay that loan?What about taxes and penalties?What are the required repayment plans?What about a home equity line of credit (HELOC)?What about tapping into the equity of your house?What about the requirement of making regular payments?What about pledging your home as collateral?What about a higher interest rate?What about HELOC vs. whole life insurance policy loan?Is the house value guaranteed to grow?Are whole life insurance cash values guaranteed to grow?Could you lose your home if you don’t pay off the HELOC?What is collateral in a whole life insurance policy?What about a court judgment?What about credit ratings?Can a banker call your HELOC?What is the fine print in the HELOC?Can you count on the HELOC?Is it possible to default on a whole life insurance policy loan?What happens when the loan value is the same as the cash value?How might you avoid policy lapse?What happens to the death benefit on a whole life insurance policy that has unpaid loans?Would you like to hear Episode 203?What about loaning from a brokerage account?What is a margin loan?Can the broker call the margin loan?What about locking in losses?What is liquid?Is there a repayment schedule on whole life insurance policy loans?What did Mark Twain say?What about life insurance loans vs. whole life insurance loans?Can you borrow from a term insurance policy?What about universal life insurance?Would you like to hear Episode 59? Episode 60? Episode 61?What about the monthly costs on universal life (UL) and indexed universal life (IUL) policies?What significant changes happen in these policies?What are the risks to taking loans on a IUL or UL policies?What happens when closing IUL or UL policies?What are the tax consequences?What about variable life policy loans?What are the risks?Will the policy lapse?What about the phantom income?What about the moving parts?Why are whole life insurance policy loans so much safer?What is on the insurance company’s shoulders?What about the guarantees?What is not guaranteed?Can the insurance company change the costs on the policy?What about annual cash value increases?What about the death benefit?What about the premiums?What about the dividend paying whole life insurance policy?How might dividends make the situation even better?Who does the dividend benefit?What about minimum guarantees?Is a Bank on Yourself® whole life insurance policy part of your overall strategy?What about the death benefit?What about the living benefits?What about the loan feature?What about tax advantages?What about security?What about guaranteed growth?Would you like a 15-minute meeting with Mark?
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