hey man, great video I really wish I knew this stuff when I was Younger. This is great hey I over the years borrowed 55 K from my cash value that 55k makes the overall cash value grow faster so should I pay it back as soon as possible? I need to talk to someone about this!

After making some comparative analysis I would like to add a few thoughts that were potentially overlooked in this video. While cash value in life insurance is fluid and competitive in conservative growth, it is commonly misunderstood. While the video was clear that your cash value must be borrowed from the insurance policy, at a specified rate (in this instance 5%), it failed to disclose a few key points:
– In most policies your beneficiary receives only the death benefit, or the cash value, Not both.
– The cash value can never exceed the death benefit, otherwise it is classified as a MEC and tax advantage is lost.
– If withdrawn from the policy, your cash value loan will be deducted from the death benefit (with interest), if not paid back to the insurance company (remind me again why I have to borrow my money in the first place?).

While I am an advocate for investment diversification I would encourage all viewers to review all, not just a few, of the facts before forming a decision. A buy term and invest the difference strategy (in a tax-free fund like a Roth IRA) has provided substantially more growth over a given time period, with the added advantage that your beneficiary receives Both the investment and the death benefit. Some of the largest financial companies and advisers teach this concept, diversify your search and make your own decision!