djr59
Recycles dryer sheets
So my friend turned me onto his financial guy. I sat with him and he tried to sell me on this policy. Sure it sounds great. By putting almost $300k into it over 12 years I can pull about $55k a year out tax free as a loan against like $750k in life insurance. Of course I have $750k in life insurance from day 1 but it starts to drop as I borrow against it. It sounds good and is probably good I think for younger people but at age 57 not sure it makes sense for me. Anyone have a policy like this?