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 answer is simple though not conclusive… it depends.

Sometimes it makes great sense to take a policy loan. At other times, you can save more money by borrowing elsewhere.

Today on Wealth Talks, Tom and John point out the effects of borrowing against a policy, and how you can decide when to use a policy loan and when to look for other funding options.