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| It's just borrowing from cash surrender value that you've built up and that is your money anyway. You pay interest to yourself when paying it back usually half the current going loan rate. Pretty good idea actually. Some companies allow their employees to borrow from their retirement and then pay it back at half the rate you would get from a bank loan at least you're getting the interest back to yourself.
Most people don't have a cash surrender value built up worth much though they're probably the ones whining about it. | |
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Farming without the bank. Mary Jo irmen.
