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The Prosperity Podcast

505 EpisodesProduced by Kim D. H. Butler and Spencer ShawWebsite

Take control of your money. Join Kim D. H. Butler, best-selling financial author, and Spencer Shaw, as they use their prosperity mindset to utilize wealth-building tactics. Learn about the 7 Principles of Prosperity and how to make your money work as hard as you do.The Prosperity Podcast is the pers… read more


Myths of Borrowing Against Life Insurance Loans - Episode 146


Today your hosts Kim Butler and No B.S. Money Guy Todd Strobel talk about the money myth of borrowing against life insurance without ever intending to pay it back. In this episode you’ll see the power of life insurance loans and get an idea on how you could use this financial vehicle in your life.

Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at and we may answer it in an upcoming episode.


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Show Notes:

00:00 Introduction

00:28 Today’s topic: The money myth of borrowing against a cash value life insurance policy without intending to pay it back.

01:59 How the strategy of not paying off cash value policies came about

04:27 What happened in 2008 that changed how we look at cash value policies

05:57 Why life insurance loans are so attractive

07:08 The shocking difference between taking a loan from a bank and borrowing against life insurance

09:18 Real Estate fix and flip case study example

10:49 How opportunity will seek you out if you have a position of cash

11:26 Should you overfund a life insurance policy if you have a lot of credit card debt?

14:04 Resources for more information about life insurance loans at

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