Tag Archives: whole life insurance

Is It Wise to Take Cash Value Out of a Life Insurance Policy to Pay Off Credit Card Debt? – Tess

Tess “Dear Steve, Is it wise to take cash value out of whole life policy to pay off credit card debt? Tess” The Answer:   Dear Tess, Now there is a tip that I often forget about. I just run into few people that have significant cash value in life insurance these days. The answer [...]

Do I Need Term Life Insurance or Whole Life Insurance? – Amy

Amy “Dear Steve, Do I need term life insurance or whole life insurance? I have both and I have cash value in my whole life policy that I am considering cashing in to pay off my credit card debt. Is it a good idea to cancel my whole life policy to pay off my credit [...]