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

The Hidden Dangers of IUL Loans

18 Jan 2025 · 0 min

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Short excerpt from a YouTube video by Richard Canfield titled "The Hidden Dangers of IUL Loans." The speakers discuss agents encouraging clients to take home equity loans to fund indexed universal life (IUL) insurance premiums (an impermissible practice), and warn that rising interest rates can make this strategy disastrous — potentially causing policy collapse, loss of family protection, loss of home, and depletion of retirement funds.

I've seen cases where agents.
Have recommended.
People go get home equity loans to fund IUL premium payments, which is totally not allowed by any care. But they were doing it over and over and over and just, you know, fudging on what the source of funds was.
I can see that it becoming very problematic when the interest rates started to rise, I would imagine. Cause some sleepless nights they're losing their.
House and their investment products.
If the insurance collapses. So they got no protection for their family, no home to live in, and nothing left for retirement.
That's the funny thing is at the end of the day, you sometimes forget that IUL is nothing but a life and trench father.