This content was created by Jayson Lowe. This content was uploaded by Jayson Lowe. This is a YouTube video titled "Your Life Insurance Policy Loan Explained!" created on July 29, 2023, explaining the concept of borrowing against a life insurance policy, emphasizing that the money borrowed is from the life insurance company, not the policyholder's own funds.
Think about the interest. People say, oh, the life insurance company is going to charge me interest on my own money. That doesn't make sense. Well first of all, it's not your money. Your money is growing every day in the policy. Your capital is growing. You're borrowing the life insurance company's money. They are contractually bound to lend you their money. And I'm a co owner in the life insurance company. Think about this for a second. If you co owned life insurance company and you found out that they were lending money to clients interest free, would you be happy about that? Every.
