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Accessing and utilizing cash from whole life insurance.....how to?
- Thread starter swcrow
- Start date
swcrow
Autocross Champion
lol my own policy….gotta have someone on these boards that have done it.......generally if you're about to off someone for their life insurance I wouldn't recommend posting about it on forums, but you do you.
Can't wait to hear this story on a true crime podcast
snobrdrdan
former GTI owner
So you're faking your own death for life insurance money?
swcrow
Autocross Champion
Guess no one on here hasSo you're faking your own death for life insurance money?
WHOLE life is like a 401k where you can draw against it, like a loan, and then pay it back.
Just don’t know if that’s better than what GolNat mentioned above
Strange Mud
Autocross Champion
BRB.....off to ask on the financial forums what's the best way to do a carbon cleaning.
MonkeyMD
Autocross Champion
BRB.....off to ask on the financial forums what's the best way to do a carbon cleaning.
"Carbon cleaning"
Ok Dexter
swcrow
Autocross Champion
Yeah yeah I get it. But I also got the best Veterans Affairs disability advice HERE, so I was like, why notBRB.....off to ask on the financial forums what's the best way to do a carbon cleaning.
cb1111
Newbie
You'll want to speak to somebody that actually knows how to do it properly. Here is a short primer https://www.marketwatch.com/guides/life-insurance/how-to-borrow-against-life-insurance/
swcrow
Autocross Champion
So far, I’ve found out there are a few different ways to access the cash within a policy. Can take the funds as a loan, or simply take the cash and surrender a small amount ($roughly $7k) of death benefit. Each option has its advantages and disadvantages.