Can You Borrow from a Life Insurance Policy?
In this brief Content Factory video, Kim Butler, Founder of Prosperity Thinkers, explains the concept of borrowing against a life insurance policy. She clarifies that whole life insurance, which has a cash value, can be used as a living benefit, allowing policyholders to borrow against it. In contrast, the cash value continues to grow. Butler, a financial expert, is known for promoting simple, practical financial concepts through Prosperity Thinkers, an organization dedicated to financial education and empowerment. This video sheds light on the often-misunderstood aspect of life insurance, demonstrating its potential as a financial tool for the living, not just a benefit after death.