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Podcast: The Money Multiplier Podcast
Episode: Paying Interest on Your Policy Loans (Re-Release)
Description: I have to pay interest on my policy loans?! What?!
Hi y’all, Hannah here. Join me in this re-released episode as I delve deep into the world of policy loan interest. I will be discussing the significance of the 4% and 6% interest rates, and unravel the reasons behind being charged interest on policy loans.
Listen in and learn why these loans operate on a simple annual interest and the pitfalls of not addressing loan interest annually. I will also dive into the importance of out-of-pocket payments, illustrating how neglect can lead to com...