I was looking at different scenarios.....does this make sense.
I learned or was shown that in order to maximize retirement income out of a whole life policy, that you should first take out basis and then loans.
However I realize that this strategedy actually reduces death benefit faster and reduces cash value more than just taking loans.
Assuming you have had to compound say 20 years in a limited pay policy.....it would seem that the better maximization strategedy would be to just take loans, rather than surrender basis.
Thoughts ?
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I learned or was shown that in order to maximize retirement income out of a whole life policy, that you should first take out basis and then loans.
However I realize that this strategedy actually reduces death benefit faster and reduces cash value more than just taking loans.
Assuming you have had to compound say 20 years in a limited pay policy.....it would seem that the better maximization strategedy would be to just take loans, rather than surrender basis.
Thoughts ?
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