Personal Finance (Not Investing) • Cashing in whole life policies vs taking loans

Your wife would not have to deal with anything after your death. The policy would end, the death benefit would be paid, and the beneficiary (presumably her) would do whatever they want with the cash.

A 50 year old whole life policy is, generally, a very good asset to keep.

I agree. I have to think keeping it is the best option, with or without continuing to pay premiums.

Of course, we all are guessing without knowing the type of policy and current death benefit, cash value and loan terms (maximum loan amount and interest rate).

Statistics: Posted by deanbrew — Sat Jan 24, 2026 11:26 am — Replies 4 — Views 230

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