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So I'm calling to talk about your favorite financial instrument, the whole life insurance policies.

I have a question about policies that my parents bought years and years ago and hopefully you can

help me figure out what to do with these things so long story short me and my

family me and my parents my brother opened a small business about five or six

years ago when we did we borrowed money against my parents whole life

insurance policies to help fund the real estate purchase and

construction. It's a dog daycare boarding and green facility. They opened five years, doing well,

profitable growing. It's in good shape. The first two years, we didn't make any payments on those

loans. So the, the United grew as they capitalized the interest. Then I started making monthly payments on those loans for money that we were making in the business once we became, you know, fairly profitable. Uh, so here's my question. Uh, these loans, they, there's six total loans, uh, excuse me, six total policy that my parents took out. So $1.4 million in

state value insurance

plus the additional

insurance they purchased over the years, as they

were, I think they made some overpayments in the past,

things like that.

I have borrowed about $600,000

against the policy.

So here's that question. What's the remaining cash value?

The remaining, the net cash value is that today is about $200,000 and the death benefit as of today

and all of them combined is about $1.06 million. Okay. My question is, do I bother paying these loans down?

And if I do, do I use your snowball effect and go for the lowest balanced loans first?

Or do I pay them off all evenly?

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