- Banks and other lenders have higher annual percentage rates
- You can borrow from your policy as many times as you want
- YOU earn interest on the money you borrow*
- Your loved ones don't have to pay the loan back if you are no longer here
- NO CREDIT CHECK!!!
Tuesday, September 25, 2012
How to Borrow Money from YOURSELF!
It is so easy to borrow money when financial times get tough. Banks, title loan centers, payday loan centers and other lenders are eager to loan you money. That is all fine and dandy until it's time to start paying them back. You ALWAYS pay back more than you borrowed--sometimes considerably more. Well, there is a way to cut out these modern-day loan sharks and borrow money from yourself. How, you ask? Your whole life insurance policy is one of your best sources of emergency money. You can borrow money from your own policy and pay it back just like a loan from a bank. But here's the difference:
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