Do You Need To Repay Policy Loans? | QUESTION OF THE WEEK

Should you repay your policy loans? Before taking a policy loan it's always a good idea to make sure you will be able to, at least, afford the loan interest.
Also consider what you will be using the policy loan for. Will the loan help you generate more income in order to pay for the loan interest.
Can you generate enough income with the policy loan to pay for the loan interest, plus some?
Accruing too much loan interest can sabotage your policy. In order to avoid this scenario always make sure you are able to pay the loan interest every year.
If you accrue too much loan interest there is a way to reduce your loan balance. Contact our office for assistance with this 702-660-7000
Do you need a good life insurance policy that works well for you? It would be a pleasure to help you get one: www.life-benefits.com
702-660-7000