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Show Notes
I have to pay interest on my policy loans?! What?!
Hi y’all, Hannah here. Join me in this 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 compounding interest on your loans.
Thank you for tuning in, friends!
Have a topic you want me to discuss? Feel free to send any questions or comments to [email protected].
To view a recorded version of our presentation on the Infinite Banking Concept, please visit: https://themoneymultiplier.com/presentation
For other resources: https://linktr.ee/themoneymultiplier
Hannah: https://www.instagram.com/hannah_kesler