A 401(k) Plan Loan vs A life Insurance Loan: Is One Safer compared to Other?

We often borrow when it comes to paying for big ticket items. In this specific article we concentrate on two loan sources: borrowing from your own 401(k) your your your retirement plan, and borrowing against a policy loan to your life insurance policy.

Which is way better: 401(k) loans or life insurance policies loans?

You’ll find conflicting advice. (more…)