Borrowing against life insurance means the insurer lends against your cash value: no credit check, interest compounds, and an unpaid loan can lapse the policy.
Half of blue collar workers claim Social Security at 62, a 30 percent cut for life. Here is the five-part money plan to retire early from the trades on purpose.
IUL vs 401(k): an IUL does not replace a 401(k), Roth IRA or pension. For most tradesmen the order is term life, the match, a Roth, then permanent coverage.
Indexed universal life insurance explained: where premium dollars go, how caps, participation rates and the 0% floor work, loans, lapse risk and cost vs term.