The Build a Life LOC Blog

Build it a little every day

Daily notes for people who are ready to build: design decisions, what the first 90 days look like, starting policies for kids, and the questions worth asking any agent. Education first, and the needs analysis is free when you want your own numbers.

Business

The Executive Bonus: Funding Your Policy Through Your Own Business

The business pays the premium and deducts it, you report it as income and own the policy. Useful for keeping a key employee. Less useful than it sounds for a solo owner.

September 19, 2026
Policy Loans

Living on Policy Loans From 62 to 70 So the Social Security Check Grows

Waiting from 62 to 70 raises the check by roughly 77%. Eight years of policy loans is what it takes to get there, and most policies can only carry part of it.

September 18, 2026
Ownership

Your Policy's Cash Value Counts as an Asset If You Apply for Medicaid

Oregon exempts life insurance totaling $1,500 or less of face value. Above that, the cash surrender value counts against a $2,000 asset limit, and the five-year look-back watches what you do about it.

September 17, 2026
Policy Loans

Your Hospital Bill Is Negotiable, and a Policy Loan Buys You Time to Ask

Don't pay the first bill. Get it itemized, check it against the EOB, apply for financial assistance, then ask for a prompt-pay discount with cash you can actually produce.

September 16, 2026
Policy Loans

Borrowing From the Policy Instead of Selling Stock in a Down Year

A policy loan isn't a sale, so nothing gets realized and no shares leave the account. What it costs is loan interest, and the comparison is closer than it first looks.

September 15, 2026
Family

Can You Put a Policy on Your Parents?

Yes, with their signature and a reason the insurer accepts. What it costs at 70, what the guaranteed issue products actually pay, and the conversation to have with your siblings first.

September 14, 2026
Funding

What Changes in a Cash Value Policy Between Year Ten and Year Twenty

Around year ten the cash value starts growing by more than you put in, dividends can start covering premium, and the loan capacity is finally useful. Three decisions arrive with it.

September 13, 2026
Policy Loans

When the Policy Loan Rate Rises on a Balance You're Still Carrying

Variable loan rates reset, usually at the anniversary, and a $30,000 balance notices. Four moves, from cheapest to last resort.

September 12, 2026
Policy Loans

How Long a Policy Loan Takes to Land in Your Checking Account

A few business days by electronic transfer, longer by check, and longer still if the carrier needs a signed form. Set the fast path up before you need it.

September 11, 2026
For Your Kids

Let Your Teenager Take the First Loan Against Their Own Life Insurance Policy

A policy you started for a kid is a teaching tool the year they need $1,200 for something real. Set a rate, a payment, and a payoff date, then let them run the payback.

September 10, 2026
Getting Started

Converting Term to Permanent Is Priced at Your Age Now, and It Has a Deadline

The conversion privilege is a right with an expiration date. When you use it, the new policy is priced at your age now, in the health class you had then.

September 9, 2026
Policy Loans

How to Get a Bank Line of Credit Backed by Your Life Insurance Policy

Some banks will lend against whole life cash value through a collateral assignment. The policy keeps earning in full, and the bank sets the terms instead of the carrier.

September 8, 2026
Policy Loans

401(k) Loan or Policy Loan: Which One to Tap First

Both borrow from money that's yours. One has a payroll schedule, a five-year clock, and a trap if you change jobs. The other has none of those, and interest that never stops on its own.

September 7, 2026
Habits

The Times a Policy Loan Is the Wrong Move

It's cheap, it's fast, and nobody says no. Those are also the three reasons it gets used for things it shouldn't.

September 6, 2026
Funding

Do You Ever Stop Funding the Policy?

There's a point where more premium stops helping. It depends on the design, the MEC line, and what the policy is supposed to do next.

September 5, 2026
Ownership

Your Accountant Needs to Know Three Things About the Policy

Most tax preparers never see a life insurance policy on a return, because most of it isn't reportable. Three items change that.

September 4, 2026
Funding

You Just Lost Your Job. What the Policy Can Do This Month.

Cash value doesn't require an application or a credit check, which makes it useful in the exact week when everything else does.

September 3, 2026
Policy Loans

Paying Off Student Loans With Policy Money

Federal loans carry protections a policy loan doesn't replace. Private loans are usually the better target.

September 2, 2026
Policy Loans

What Happens If You Never Pay the Policy Loan Back

Nothing happens for years, which is the problem. Here is the sequence an unpaid balance follows, and the point where it turns into a tax bill.

September 1, 2026
Ownership

When the Beneficiary Should Be a Trust Instead of a Person

Naming a person is simpler and right most of the time. Minor children, a beneficiary on public benefits, a blended family, or money you want released slowly are the exceptions.

August 31, 2026
Habits

Keep a One-Page Ledger of Every Loan You Take

The carrier tracks the balance. It doesn't track what you borrowed for, what you promised yourself, or whether you're on schedule.

August 30, 2026
Family

What a New Baby Changes About the Policy

The coverage amount, the beneficiary structure, and whether a trust belongs in the middle. Plus the one item with a deadline attached to it.

August 29, 2026
Ownership

Updating the Policy After a Divorce

Three separate things need attention: the beneficiary, the ownership, and whether the decree requires you to keep coverage in place at all.

August 28, 2026
Getting Started

When the Furnace Dies: Using the Policy as the Repair Fund

A $9,000 unplanned repair is what most households put on a card. What it looks like to route it through the policy instead, and when that's the wrong call.

August 27, 2026
Policy Loans

Clearing a Credit Card With a Policy Loan

Swapping 24% card debt for a 5% policy loan is obvious math. What decides whether it works is what the card balance looks like eighteen months later.

August 26, 2026
Policy Loans

Pulling Startup Money Out of the Policy

No application, no business plan, no personal guarantee to a bank. What a policy loan does and doesn't solve when you're funding a new business.

August 25, 2026
Funding

Funding the Policy From a Bonus or a Commission Year

Irregular income is the hardest thing to build a premium around. The fix is a low base with room above it, not a big number you have to hit every year.

August 24, 2026
Getting Started

The Policy Paperwork to Keep, and Where to Keep It

Six documents, one page of contact information, and one place your family can actually get to. Safe deposit boxes fail this test more often than people expect.

August 23, 2026
Ownership

Handing the Policy to Your Kid Later

You started a policy on your child. At some point ownership transfers, or it doesn't. What the transfer actually involves and what it costs.

August 22, 2026
Policy Loans

What Happens to Your Line of Credit When the Economy Turns

Home equity lines got frozen in 2008 for people who'd never missed a payment. A policy loan works on different rules, and the difference shows up exactly when you need the money.

August 21, 2026

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