People who are told that they can ‘borrow’ from their insurance savings fund are not told that if you want to access the funds, it will trigger a ‘tax’ that must be paid, and also that you have to pay 4% interest or whatever the rate is now to access your own funds!!! Basically no, it won’t make sense to borrow or ‘withdraw’ from those funds EVER. For the tax-free accumulation ‘benefit’ they sell you, it’s only tax-free when you die and your beneficiary inherits it.
Hey Philip, thank you for another amazing video. I am in a similar boat and I would like to set up some time virtually with you and discuss my current situation. What is the best way to reach you?
