Richard CanfieldPodcast Host and IBC Advisor, Ascendant Financial · Authorized Infinite Banking Practitioner | Author of 4 Books

Already Have an IUL? Here's Your Next Step for Infinite Banking

7 Jul 2026 · 1 min

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In this segment, Richard Canfield advises individuals who already own an Indexed Universal Life (IUL) policy and want to explore the infinite banking concept. He outlines a three‑part preparatory approach: (1) write down the specific questions and concerns you have about using your IUL for infinite banking; (2) email your insurance advisor ahead of the meeting, attaching your policy statement and explicitly stating that you want guidance on infinite banking; and (3) recognize that the conversation should focus on infinite banking strategies rather than a generic insurance discussion. This preparation ensures a focused, productive meeting and helps the advisor provide targeted advice.

Chapters

What do you do if you have an IUL and you're exploring infinite banking? What should they do next? What's the next step? Well, number one, you should write down what are your key questions. You need to make sure you show up to that meeting with a statement, or better yet, you email the advisor you're going to be working with, who's going to, you're going to have that meeting with, send them the statement in advance and say, hey, I'm interested in the infinite banking concept. I want to explore that, but I have this already and I'm, I have questions and concerns about it. Can you provide me some guidance? So it's like, there's a difference between having an insurance conversation and having an infinite banking conversation.