I have read about various over funded whole life methods where you can borrow funds from yourself and the various benefits of doing so.
But I can make no sense of it.
If the policy both pays you 6% and charges you 6% ( or charges you more than it pays you ), you eventually have to pay that borrowed money back and pay taxes on that increased amount ( interest ) as opposed to just pulling the money out of savings.
How are these policies better than just buying term and saving the difference.
