Posted by jax (66.25.36.240) on June 24, 2003 at 08:18:58:
In Reply to: Re: loan on life insurance posted by Ken Young on June 24, 2003 at 07:18:51:
:
Ken Young's advice is totally worthless!! All the regular posters know this.
Go to a bank, and ask them about makeing a loan against you life ins. See what they say.
If you have a UL or a Vul, you don't even have to make a loan. You can simply withdrawn the money. Ken Young doesn't know anything about this kind of ins. since he only collected a debit, meaning collecting premiums like the local paper boy, for 30 years. Then Pru. forced him to retire. He lost his entire clientle and 1/3 of his pension.
Good Luck!
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