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

Nelson Nash Hierarchy of Money

24 Dec 2024 · 1 min

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A short transcript excerpt of a YouTube presentation by Richard Canfield explaining Nelson Nash's concept of the 'hierarchy of money' within life insurance. Canfield summarizes that policy loans allow the policy owner to borrow and that life insurance companies receive and must deploy large pools of money, which are ultimately put to work for the insurers' owners or participating policyholders depending on company structure (stock vs. mutual).

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For anyone who has Nelson's book as a reference, he will give you some basic understandings of this structure and how the policy owner he says the money is lent to any number of places and types of borrowers, including the owner of the policy, if the owner so desires. That's what a policy loan is. What Nelson's trying to get people to understand is the hierarchy of who's going to receive money that must be put to work. Life company is getting lots of money. The life company has to put the money to work. They're putting that money to work for their owners. If it's with the participating pool, it's for the participating owners in a stock company. But if it's just a mutual company company, it's for the owners.