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URL:  http://boards.fool.com/whole-life-insurance-10021517.aspx

Subject:  whole life insurance Date:  8/15/1997  5:59 PM
Author:  phi454 Number:  176 of 74759

Does anyone understand the concept of "borrowing" money from the cash value of my whole life policy and then not having to pay it back? Is there is some sort of interest charge I would have to pay for "borrowing" my own money?

I would get rid of the damn thing but my wife would kill me (her father sold me the policy). Little did I know three years ago what a STUPID and Wise thing that was. Take my advice: Buy term insurance and invest the difference!!!

Fool On!!!

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