Loan on a life insurance policy: Hidden benefit -1!
Suppose, the return on your insurance policy is 7-8% per annum and the on the loan, you have to pay 9-10% interest. If you subtract what you are getting from what you are paying, the actual rate at which you will be paying to the insurer would be just 2-3%. (Pixabay)
Suppose, the return on your insurance policy is 7-8% per annum and the on the loan, you have to pay 9-10% interest. If you subtract what you are getting from what you are paying, the actual rate at which you will be paying to the insurer would be just 2-3%. (Pixabay)
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