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

Premiums Grow Policies. Loans Don’t #richardcanfield #podcast #infinitebanking #jaysonlowe

26 Sept 2025 · 1 min

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1:03

Richard Canfield explains that premiums are the sole thing that grows a life insurance policy — loan repayments do not increase policy growth. He frames loan repayments as a behavioral discipline ("being a good banker") and references Nelson’s rule "don't steal the P's" (don’t use policy loans for personal spending). He emphasizes that policy loans borrow the insurer's capital, the policy remains collateral, and that the real differentiator is mindset and habit in applying the system.

Chapters

The only thing that grows a policy is premium. Premium makes it grow. Loan repayments doesn't make it grow. Loan repayments is about being a good banker. Loan repayments is about good habits. Loan repayments is about not stealing the P's which is one of Nelson's golden rules. Don't steal the peas. In other words, don't take a policy loan. You've got money in your system capital. You're borrowing against the system using the insurance company's money. You co own the insurance company, you're using their capital to go do things in life. Pay for cars, buy for this, pay down my mortgage, buy a rental property, buy an investment asset, pay for my kids college, go take my family on vacation, buy a cell phone. Okay, whatever the thing is that you're doing here. So you're using the insurance company's money to do that. You owe the insurance company your policy is the collateral. Policy continues to grow as though nothing has, you know, nothing is in the way there. That's basically the magic of the system. Okay, there's no real secret sauce here. The secret sauce is what's between your ears. It's how do you perceive and then implement in actuality that secret sauce on a day to day basis?