RP Legal LLC Is Investigating Misleading Sales of Premium Financed Indexed Universal Life (IUL) Policies
RP Legal LLC is actively investigating cases where wealthy individuals, business owners, professionals, and retirees were sold premium financed life insurance policies, often Indexed Universal Life (IUL), based on the promise of “free insurance” or “tax-free retirement income with no personal investment required.”
These programs are frequently marketed as sophisticated estate planning or retirement income strategies. In reality, many clients were misled into signing high-risk, high-cost loan agreements tied to underperforming insurance policies that now threaten their personal wealth, business assets, and long-term financial security.
How the Scheme Is Marketed
Many of our clients report that they were told:
- “You’ll never have to pay out of pocket”
- “The loan pays the premiums and the policy repays the loan”
- “This is a way to get millions in life insurance with no net cost”
- “The policy is designed to fund itself”
- “This strategy is tax-free, risk-free, and perfectly legal for retirement income”
- “Banks are funding this because it’s guaranteed to work”
Agents and promoters use complex illustrations, spreadsheets, and high-pressure presentations to convince clients they are getting a no-cost benefit. These materials often rely on unrealistic assumptions, outdated crediting rates, and policy performance that has no basis in reality.
Why These Policies Fail
When the market changes or policy performance lags, these “free insurance” strategies collapse. What clients are left with:
- A massive outstanding loan
- Collapsing cash value
- Interest compounding faster than policy growth
- Unexpected collateral calls from lenders
- Policies that require personal payments to stay in force
- Loss of retirement income, estate value, and financial stability
In many cases, the original pitch did not include clear disclosures of these risks. The policies were sold by agents and advisors who lacked the experience, licensure, or legal authority to sell these as investment alternatives.
Who Is Involved
RP Legal LLC is investigating premium financed IUL programs promoted by:
- National life insurance companies including Pacific Life, Lincoln Financial, Allianz, and John Hancock
- Succession Capital
- NIW
- Kai-Zen
- Bank lenders and premium finance companies
- Independent marketing organizations (IMOs) and producer groups
- Wealth managers and insurance agents claiming to offer private banking-style solutions
- Promoters of branded strategies like LifeArk, Quantum, Leveraged Planning, and similar models
We Represent Victims Nationwide
With nearly a decade of focused experience in IUL litigation, RP Legal LLC has helped recover millions for individuals misled by premium financed life insurance programs. These cases are fact-intensive and document-heavy, and require a firm with deep understanding of insurance mechanics, policy illustrations, loan agreements, and marketing misconduct.
If you were sold a premium financed IUL policy based on promises of free insurance or tax-free retirement income with no out-of-pocket costs, contact RP Legal LLC today. Request a confidential case review and protect your assets.