08/17/2026
๐ข๐ธ๐ฎ๐โฆ๐๐ผ ๐น๐ฒ๐โ๐ ๐ด๐ผ ๐ฎ ๐น๐ถ๐๐๐น๐ฒ ๐ฑ๐ฒ๐ฒ๐ฝ๐ฒ๐ฟ. ๐
This morning we talked about something many people were NEVER taught:
๐๐ถ๐ณ๐ฒ ๐ถ๐ป๐๐๐ฟ๐ฎ๐ป๐ฐ๐ฒ ๐ฑ๐ผ๐ฒ๐๐ปโ๐ ๐ฎ๐น๐๐ฎ๐๐ ๐ต๐ฎ๐๐ฒ ๐๐ผ ๐ฏ๐ฒ ๐ท๐๐๐ ๐ฎ ๐ฑ๐ฒ๐ฎ๐๐ต ๐ฏ๐ฒ๐ป๐ฒ๐ณ๐ถ๐.
Certain types of permanent life insurance may also accumulate ๐ฐ๐ฎ๐๐ต ๐๐ฎ๐น๐๐ฒ over time.
And depending on the policy, that cash value may be accessible during your lifetime through withdrawals or policy loans.
Now, before somebody runs off and says, โKrishonda told me to go borrow money from my life insuranceโฆโ ๐
๐ก๐ข, ๐บ๐ฎโ๐ฎ๐บ.
That's not the lesson.
The lesson is this:
๐ฌ๐ข๐จ ๐ก๐๐๐ ๐ง๐ข ๐จ๐ก๐๐๐ฅ๐ฆ๐ง๐๐ก๐ ๐ช๐๐๐ง ๐ฌ๐ข๐จ ๐ข๐ช๐ก.
Because not all life insurance works the same way.
Term insurance and permanent insurance serve different purposes.
Not every permanent policy builds cash value the same way.
Accessing cash value can affect the policy, available cash value and death benefit.
And policy loans generally accrue interest and have to be managed carefully to avoid unintended consequences.
๐ง๐ต๐ถ๐ ๐ถ๐ ๐๐ต๐ ๐ ๐ธ๐ฒ๐ฒ๐ฝ ๐๐ฎ๐น๐ธ๐ถ๐ป๐ด ๐ฎ๐ฏ๐ผ๐๐ ๐๐๐ก๐๐ก๐๐๐๐ ๐๐๐จ๐๐๐ง๐๐ข๐ก.
It's not enough to say:
โI have life insurance.โ โ๏ธ
I want you to be able to answer:
๐ What kind do I have?
๐ Why do I have it?
๐ How long will it last?
๐ Does it build cash value?
๐ What guarantees does it have?
๐ What happens if I access the cash value?
๐ Is the coverage I have actually aligned with what I'm trying to protect?
Because buying a financial product you don't understand isn't the goal.
๐จ๐ป๐ฑ๐ฒ๐ฟ๐๐๐ฎ๐ป๐ฑ๐ถ๐ป๐ด ๐ต๐ผ๐ ๐๐ต๐ฒ ๐๐ผ๐ผ๐น๐ ๐ถ๐ป ๐๐ผ๐๐ฟ ๐ณ๐ถ๐ป๐ฎ๐ป๐ฐ๐ถ๐ฎ๐น ๐ต๐ผ๐๐๐ฒ ๐ฎ๐ฐ๐๐๐ฎ๐น๐น๐ ๐๐ผ๐ฟ๐ธ?
๐ง๐๐๐งโ๐ฆ the goal. ๐ก
You don't have to become a financial expert overnight.
But you DO deserve to understand the financial decisions you're making for yourself and the people you love.
So here's today's homework:
๐๐ผ ๐ณ๐ถ๐ป๐ฑ ๐๐ผ๐๐ฟ ๐น๐ถ๐ณ๐ฒ ๐ถ๐ป๐๐๐ฟ๐ฎ๐ป๐ฐ๐ฒ ๐ฝ๐ผ๐น๐ถ๐ฐ๐.
Don't change anything.
Don't cancel anything.
Just find it.
Then ask yourself:
๐๐ผ ๐ ๐ฎ๐ฐ๐๐๐ฎ๐น๐น๐ ๐ธ๐ป๐ผ๐ ๐๐ต๐ฎ๐ ๐ ๐ผ๐๐ป?
If the answer is โnot really,โ you just discovered your next financial education assignment. ๐