Jayson Lowe argues that policy loans should be viewed as assets rather than liabilities, asserting he has no difficulty with them because they improve in efficiency and contribute to the earnings of the insurance company he co-owns. He advises keeping one’s financial energy (money) inside one’s own business and using others’ capital to meet financial objectives.
Do you have any difficulty with debt in your life? You just don't trust the asset. That's what you have difficulty with. You don't trust the asset. And I'm here to tell you that this asset is remarkably impressive because it just keeps getting more efficient. It just keeps getting better day in and day out. And so I have no difficulty with policy loans because I view them to be an asset. Remember I co own the insurance company. Policy loans are a net contributor to the earnings of that company that I co own. So if I have a choice, if I have financial energy called money, and I know that that money has to reside somewhere, where do I want it to reside? Inside of my business or someone else's? Well, logic would dictate I want my money residing in my business and I can use someone else's capital to go and take care of all those financial objectives that I want to get achieved.
