Can You Borrow from a Life Insurance Policy?

July 19, 2023
James Kent

 

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.

Recent Episodes

sales process automation
View episode

Amid the rapid pace of technological advancements, sales processes are undergoing significant changes. Companies are increasingly pressured to enhance efficiency, accuracy, and customer satisfaction. According to Forrester’s 2023 report, a staggering 90% of global business buyers experienced stalled purchasing processes due to economic headwinds, emphasizing the importance of price transparency and the need for…

thaly palanisamy as new president
View episode

Stenograph, LLC is pleased to announce Thaly Palanisamy as president. In his role, Mr. Palanisamy will guide Stenograph in executing its strategic vision: Empowering the capture, preservation, and accessibility of verbatim records. “Thaly’s leadership skills, combined with the Stenograph strategy deployed by our talented team, will ensure success as we charter our course for the…

rightnow media
View episode

“I like your word excellence better than greatness, because you don’t have to sacrifice everything in order to be excellent” – Brian Mosley Those were the words of Brian Mosley (President of RightNow Media) as we discussed the balance of family and leading an organization that is impacting people all over the world. If you…