Tap Hidden Wealth to Buy Your Dream Home
Exploring Insurance Policies
Life insurance policies, particularly whole life or universal life policies, can also be a source of hidden wealth. These policies accumulate cash value over time, which you can borrow against or withdraw. This can be a strategic way to fund a home purchase without depleting your other savings. It’s important to carefully consider the terms and potential impacts on your policy before proceeding, as borrowing against your life insurance can affect the policy’s value and your beneficiaries’ benefits3.