Ways to Use Life Insurance as an Investment
Life InsuranceNov 8, 2024 | Emily Thompson, Atlanta, GA
How to Use Life Insurance as an Investment
I'm interested in understanding more about how I, as someone who holds a life insurance policy, can leverage it for investment purposes. Could you provide a detailed explanation on the methods and strategies involved, along with any potential risks and benefits associated with using a life insurance policy in this manner?
Answer
Head of Insurance, MoneyGeekUpdated December 17, 2024
In essence, life insurance allows you to take tax-free policy loans from the cash value at a certain period. The amount will vary depending on the cash value, age and interest rates.
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