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

Easy And Flexible Loans #shorts

26 May 2023 · 1 min

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A short YouTube video (shorts) by Richard Canfield explaining that certain life insurance policies accumulate cash value tied to the death benefit and allow the policyholder to take out a policy loan. The speaker emphasizes that accessing a policy loan is simpler and more private than going through third‑party banking or credit: less paperwork, no need to disclose income or purpose, flexible repayment terms, and greater control for the borrower.

Chapters

And because there's a contractual guarantee where the cash value must grow to match the death benefit, your money gets to reside at the insurance company, and they offer you the attribute with the ability to access what's called a policy loan. I mean, if I don't own a policy, I don't have the availability to access a policy loan or money from the insurance company. The insurance company will lend me money, and I would follow the process that they would need to fill out a loan. And I will tell you, the process of me filling out a loan with the insurance company is drastically, much better than what I would do if I would participate in the third party banking, credit environment where I don't have to surrender information of my income, my reasons of why I'm using the money. I can decide how I want to pay it back. I'm the one in control.