A Real Jump Scare: IUL Premium Financing Is Like the Hotel California of the Life Insurance Business – You Can Check In, But You Can Never Leave
November 13, 2024 by Larry J. Rybka
For those who have followed my previous posts, you know I am no fan of premium financed IUL. I have also engaged in three separate industry-sponsored debates on the topic with some of the self-anointed kings of IUL premium finance. All of my posts on this topic have led to an increase in inquiries from law firms reaching out (at least one every other week) to ask if I would act as an expert witness in their litigation that’s currently being filed with the courts. I have even received the occasional call from a distressed consumer who has found themselves trapped in one of these terrifying IUL strategies. In addition to my interactions with those parties, Valmark has stepped in countless times to provide second opinions to our Member Offices regarding failed transactions and how best to exit them.
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Wink’s Moore on the Market: My friend Larry J. Rybka, JD, CFP® has some thoughts on premium financed indexed life.
They aren’t good. -sjm
