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In this episode, we ask:

• What if you could take real control?
• How do life insurance policy loans really work?
• Would you like to hear even more about policy loans in Episode 32?
• What are some of the misconceptions about policy loans?
• What about pulling cash from a savings account?
• Is it scary to request a policy?
• How does one take a life insurance policy loan exactly?
• Spoiler alert?
• How are life insurance policy loans different than bank loans?
• Who is in control when you take a loan?
• How do you take your first loan?
• Is there loan interest?
• How is it calculated?
• Is it annually charged?
• Is it based on policy anniversary year or calendar year?
• Is interest charged at the end of the year?
• What is interest charged in arrears?
• What is the best way to manage policy loans?
• What about the accrual of interest?
• When does the interest compound?
• How about an example?
• When are your dividends paid?
• When is the annual premium due (if you are paying annual premiums)?
• How much interest accrued?
• What happens if you make no loan repayments?
• Do you see how using a policy loan allows you to pay a policy loan down faster than another type of loan?
• Is 5% always, exactly, 5%?
• What happens if you pay your loan off in a responsible way?
• What is the real (annual percentage rate) APR?
• How about another loan example for $10,000?
  • What if you paid a $250/month loan repayment?
  • Would the interest be accruing but not compounding?
  • Would the interest be charged annually in arrears?
  • What if you paid the loan off completely within 4 years?
  • Wouldn’t the total interest be $830.23, with an APR be much less than 5%, closer to 2.08% APR?
• Is borrowing at 2.08% APR attractive in today’s environment?
• Is the policy’s cash value still growing, even with the policy loan outstanding (as if you never took a loan)?
• Isn’t it nice that you’re not snowballing your interest all year long?
• When do they compound your interest?
• Don’t you wish that other loans would work this way?
• Are we even scratching the surface of how cool these policy loans are?
• What happens if you don’t pay your policy loan at the policy’s anniversary date?
• When is the interest due?
• What are the options?
• What letter does the insurer send regarding the loan?
• What happens if you ignore the letter?
• Who is in control?
• How could you make it so your interest would never compound… ever?
• How about that advantage?
• Have you noticed that interest rates are rising?
• How predictable is life insurance?
• What will the insurer do with the loan interest rate upon the policy anniversary date?
• What about simple interest?
• What about simple interest compounded annually in arrears?
• What about red tape?
• Are there prohibited transactions?
• Are you able to deduct the interest?
• What about business owned life insurance policies?
• What are the IRS rules for business owned life insurance policy loan interest deductions?
• What about an example?
• Did I pay for that car twice?
• Would you like to hear Episode 110?
• Do we often make payments on the other side of a purchase?
• What happens when we repay the loan?
• What is it really like to take a policy loan?
• Can you take a loan online?
• Do you have to set up a loan repayment?
• Should you repay your loan over a reasonable amount of time?
• What would the bank require?
• Would repaying the policy loans increase the available cash value?
• Does the cash value grow on a guaranteed basis?
• What about long term loans?
• Would you like to hear Episode 87?
• What about a case studies?
• What did they do with the inheritance?
• How did they self finance a construction loan?
• What about business financing?
• Would you like to hear Episode 75?
• Do you understand how policy loans work?
• What could you do with your policy?
• Would you like to hear Episode 102?
• Would you like to hear Episode 110?
• Would you like to meet with Mark?
• What about starting small?
• What does responsible repayment look like?
• Who needs to hear this?