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

IUL Fees That Devour Savings

16 Jan 2025 · 0 min

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Richard Canfield explains how index universal life policies often work like expensive term insurance layered with costly riders and fees. As you age, insurance costs rise, and carrier expenses can severely erode your policy's value.

How does the cost of insurance structure with a lot of these policies really create an implosion type of a situation where it almost implodes upon itself?
A lot of people don't understand that these are nothing more than a complicated term insurance policy with a chassis of very expensive riders and other bells and whistles surrounding that term. The cost of insurance is this sort of upward linear line as you age within these policies each year. But what really hits you inside of an index universal life product is what every carrier refers to fees and expenses.