I have not heard of it and my immediate take is that you are being sold a bunch of BS. I have no idea what “options” they are offering. But it sounds like they are selling life insurance to accumulate tax-free cash. Of course they make huge commissions on these policies. They get rich — not you!
Yes, you can “borrow” out of your life insurance policy — but along the way you are paying huge mortality costs, which give the salespeople “trailing commissions.”
Why not just open up a Roth IRA?? Yes, I know you can’t contribute “enough” to a Roth to get lifetime tax-free income. But these scare tactics that your money will be taxed away is making you lose sense of reality. Inflation is the real tax on your money. And these strategies don’t solve for that.
Remember: There is no free lunch. AND no free seminar!!