CASE STUDY #7:

How really knowing financial products can make a difference.

A client came to my office in April seeking advice on where to find a substantial amount of money to pay his taxes.  I reviewed all his investment statements and noted that his home equity line of credit was almost all tapped out.  I then reviewed with the client all of his insurance policies and identified a 20-year old whole life insurance policy which had cash value in it.  We called the insurance company together and arranged to borrow the tax money he needed that day from his cash value.  As an extra benefit, the interest rate on that policy loan was below market rates.