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paying cash vs financing
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Long legs lashank
Posted 9/29/2020 04:59 (#8520755 - in reply to #8520711)
Subject: RE: paying cash vs financing


Central Illinois
Do you have a whole life insurance policy? Many people have cash value in a whole life policy that could be borrowed and used for such things but never think about it. Interest rate is probably 5% or less but you are really paying the interest to yourself. The key is to borrow the available cash value and pay yourself back, instead of cancelling the policy to access the money.
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