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Farming Without the Bank
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mosborough
Posted 12/27/2025 07:06 (#11485413 - in reply to #11485264)
Subject: RE: Farming Without the Bank


larryshoat - 12/26/2025 22:27


Why didn't I think of that! I can't figure out what this girl is talking about........something about getting a life insurance policy then borrowing against it??? They all start off with these scary comparisons to the 80's and you're going to loseĀ  your farm (they may have a point there) then they transition into some cryptic scheme that you need their help with. I don't think they have a solution.

Larry



Stay away from this plan, it is complete nonsense. Whole life life insurance is a horrible product in the insurnace world, even worse as a subsitiute for a bank. High commissions, low rate of return, and the life insurance company keeps all the accumulated cash value at death are some of the reasons why whole life is a scam.
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