329: Josh Bought IULs for Infinite Banking, Here’s What Happened

329: Josh Bought IULs for Infinite Banking, Here’s What Happened

From Wealth On Main Street by Richard Canfield & Jayson Lowe

July 3, 2026 · 57 min

About this episode

The episode discusses the misconceptions surrounding Indexed Universal Life insurance and its relation to infinite banking, emphasizing the warnings from Nelson Nash.

The short answer is no. The longer answer requires understanding why, because the question is being asked more than ever, and the misinformation circulating on social media around this topic is causing real financial harm to real people. Right now, social media is full of content promoting Indexed Universal Life insurance as “infinite banking 2.0,” an upgraded, modern version of the concept that Nelson Nash created. It is not. And the man who created IBC said so directly, in writing, on page 39 of Becoming Your Own Banker. “I never sold one when I was in the business, and I surely wouldn’t buy one. I would not recommend it nor use it for the infinite banking concept.” – Nelson Nash Nelson Nash spent 35 years in the life insurance industry. He won lifetime achievement awards. He was a member of the Million Dollar Roundtable. He sat on every major committee in the industry. And in all of that time, he never sold a single Indexed Universal Life, variable life or traditional universal life policy. That statement should do a lot of your thinking for you. Why Is This Question Being Asked So Often in 2026? There are three reasons this question keeps coming up. First, social media…

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Hosts: Richard Canfield, Jayson Lowe

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Books & works: Becoming Your Own Banker

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