FBC: Creating Generational Wealth, Using the Money You're Already Spending! ™
Terrance Amen was a past speaker at the 126th National Business League Conference.
"How Families Give Away Over $1 Million in Their Working Lifetime. Most Families Never See It Coming. The FBC Plan Shows You How to Take It Back."
This video, book, and site shows you how to use the money you’re already spending—on everyday expenses like credit cards, insurance, cars, and services—to create income, ownership, and generational wealth.
The Family Business Circle (FBC) plan helps families:• Recapture money they normally lose• Build a “family bank” system• Generate income from everyday spending• Create financial security
Watch this short breakdown to understand how it works and how families can start taking control of their financial future.
The Family Business Circle (FBC) plan helps families:• Recapture money they normally lose• Build a “family bank” system• Generate income from everyday spending• Create financial security
Watch this short breakdown to understand how it works and how families can start taking control of their financial future.
Video can’t be displayed
To watch presentation video, click here. To learn more, keep reading or click here to watch more videos and get the book. For more information or to setup a high cash value whole life plan, after reading the FAQ page, click here.***Currently, this firm does not offer insurance policies directly to churches. However, they may provide referrals to reputable firms or agents who specialize in designing high cash value whole life policies tailored to your needs. Please email me for more details here
The Family Business Circle Plan
Teaching Families, Churches, Businesses, and Organizations What the Wealthy Have Always Known.
The FBC Plan is a proven, three-part wealth-building system that helps everyday families build and preserve generational wealth — by recapturing the money they already spend, eliminating unnecessary taxes through a family business, and creating a Private Family Bank that passes wealth to the next generation income-tax-free.
This is not a new idea. The Rockefellers used it. Walt Disney used it. Now it is available to your family. Click on the free Academic Report Learn how it works. https://www.nasdaq.com/articles/the-rockefellers-are-still-one-of-the-richest-families-of-all-time-5-ways-they-created
This is not a new idea. The Rockefellers used it. Walt Disney used it. Now it is available to your family. Click on the free Academic Report Learn how it works. https://www.nasdaq.com/articles/the-rockefellers-are-still-one-of-the-richest-families-of-all-time-5-ways-they-created
96%
of Americans never reach $1 million in retirement savings — even following conventional financial advice.
$500,000+
is the estimated lifetime interest the average family pays to banks and lenders — money that can be recaptured.
$0
in income tax on whole life insurance death benefits passed to your children and grandchildren.
70+ Years of Documented Proof
Walt Disney borrowed against his life insurance to build Disneyland in 1954. Ray Kroc used policy loans to fund McDonald's growth. J.C. Penney survived the Great Depression the same way. This strategy has a documented track record.
(Sources: Commerce Bank, American Council of Life Insurers, Paradigm Life, Bank on Yourself)
What is the FBC plan?
The Family Business Circle (FBC) Plan is a comprehensive three-part wealth-building framework created by financial educator Terrance Amen. It is designed to help families of any income level build generational wealth by implementing the same financial strategies used by America's most successful dynasties — the Rockefellers, the Kennedys, and the most prosperous entrepreneurs of the modern era. The FBC Plan redirects money that families are already spending away from banks, the IRS, and financial institutions — and back into a self-reinforcing family wealth ecosystem.
What are the three pillars of the FBC Plan? The FBC Plan rests on three integrated pillars that work together simultaneously. Pillar One is Family Business, Creating Multiple Streams of Income and Tax Efficiency — establishing a legitimate family business to access legal tax deductions unavailable to W-2 employees, including home office, vehicle, health insurance, and income-shifting strategies that can save families $5,000 to $20,000 or more annually. Pillar Two is the Private Family Bank — a specially structured whole life insurance policy that accumulates tax-free cash value, provides liquidity at any age without penalty, and passes a death benefit income-tax-free to the next generation. Pillar Three is Interest Recapture — using the Family Bank to finance major purchases instead of external lenders, so the interest a family pays flows back into their own wealth system rather than enriching a bank.
How is the FBC Plan different from a 401(k)? The FBC Plan differs from a 401(k) in four critical ways. First, the FBC Family Bank provides full liquidity — you can access your cash at any age without the 10% IRS penalty imposed on 401(k) withdrawals before age 59½. Second, FBC cash value has a guaranteed floor and is never exposed to stock market crashes. Third, FBC death benefits transfer to heirs completely income-tax-free, whereas every dollar of an inherited 401(k) is taxed as ordinary income. Fourth, the FBC plan recaptures interest from everyday financing — a benefit no 401(k) plan can offer. The 401(k) was designed for the institution. The FBC Plan is designed for the family.
Who is the FBC Plan designed for? The FBC Plan is designed for families of any income level who are serious about building wealth that lasts beyond a single generation. It is specifically tailored for families who want to stop financing the wealth of banks and start building their own, for churches and faith organizations that want to help their congregations achieve financial freedom while also raising funds for their mission, for small business owners who want to maximize legitimate tax deductions while building a private capital reserve, and for civic organizations, unions, fraternities, sororities, and member groups that want to offer a life-changing financial benefit to their members.
Is the FBC Plan legitimate? Yes. Every component of the FBC Plan is based on established U.S. tax law, actuarial science, and financial principles that have been in use for over 175 years. The Infinite Banking Concept — the foundation of the FBC Family Bank — was documented and formalized by R. Nelson Nash, a Chartered Life Underwriter, in his landmark book Becoming Your Own Banker, published in 2000. The family business tax strategies are explicitly provided for in the Internal Revenue Code. The FBC Plan does not exploit loopholes — it uses the legal financial infrastructure that has always existed for those who know where to look.
What are the three pillars of the FBC Plan? The FBC Plan rests on three integrated pillars that work together simultaneously. Pillar One is Family Business, Creating Multiple Streams of Income and Tax Efficiency — establishing a legitimate family business to access legal tax deductions unavailable to W-2 employees, including home office, vehicle, health insurance, and income-shifting strategies that can save families $5,000 to $20,000 or more annually. Pillar Two is the Private Family Bank — a specially structured whole life insurance policy that accumulates tax-free cash value, provides liquidity at any age without penalty, and passes a death benefit income-tax-free to the next generation. Pillar Three is Interest Recapture — using the Family Bank to finance major purchases instead of external lenders, so the interest a family pays flows back into their own wealth system rather than enriching a bank.
How is the FBC Plan different from a 401(k)? The FBC Plan differs from a 401(k) in four critical ways. First, the FBC Family Bank provides full liquidity — you can access your cash at any age without the 10% IRS penalty imposed on 401(k) withdrawals before age 59½. Second, FBC cash value has a guaranteed floor and is never exposed to stock market crashes. Third, FBC death benefits transfer to heirs completely income-tax-free, whereas every dollar of an inherited 401(k) is taxed as ordinary income. Fourth, the FBC plan recaptures interest from everyday financing — a benefit no 401(k) plan can offer. The 401(k) was designed for the institution. The FBC Plan is designed for the family.
Who is the FBC Plan designed for? The FBC Plan is designed for families of any income level who are serious about building wealth that lasts beyond a single generation. It is specifically tailored for families who want to stop financing the wealth of banks and start building their own, for churches and faith organizations that want to help their congregations achieve financial freedom while also raising funds for their mission, for small business owners who want to maximize legitimate tax deductions while building a private capital reserve, and for civic organizations, unions, fraternities, sororities, and member groups that want to offer a life-changing financial benefit to their members.
Is the FBC Plan legitimate? Yes. Every component of the FBC Plan is based on established U.S. tax law, actuarial science, and financial principles that have been in use for over 175 years. The Infinite Banking Concept — the foundation of the FBC Family Bank — was documented and formalized by R. Nelson Nash, a Chartered Life Underwriter, in his landmark book Becoming Your Own Banker, published in 2000. The family business tax strategies are explicitly provided for in the Internal Revenue Code. The FBC Plan does not exploit loopholes — it uses the legal financial infrastructure that has always existed for those who know where to look.
The Three Pillars of Generational Wealth
Pillar 1: Creating Multiple Streams of Income and Family Business Tax EfficiencyThe tax code has always rewarded business owners. The FBC Plan shows your family how to qualify.When a family establishes a legitimate business entity — an LLC or S-Corporation — they gain access to powerful tax deductions that W-2 employees cannot touch: home office deductions, vehicle expenses, health insurance premiums, retirement plan contributions, and income-shifting strategies that keep more money in the family. At a 24% federal tax rate, $30,000 in legitimate business deductions saves a family $7,200 every single year. Over 20 years, redirected and compounded, this becomes one of the most powerful wealth-building advantages available to any American family.
Pillar 2: Your Private Family BankStop paying interest to banks. Start paying it to yourself.A properly structured high cash value whole life insurance policy from a mutual insurance company becomes your family's private bank. Cash value grows tax-deferred at a guaranteed rate. You borrow against it at any time, for any purpose, with no IRS penalty — while your full balance continues compounding uninterrupted. When you repay the loan with interest, that interest stays in your family system. At death, the full benefit transfers to your heirs completely income-tax-free. This is the same vehicle the Rockefeller family used to build and preserve their dynasty across generations.
Pillar 3: Lifetime Interest RecaptureThe average family pays over $500,000 in interest to banks over a lifetime. What if that money stayed in your family?Every mortgage, car loan, student loan, and credit card payment sends interest to a financial institution — permanently. The FBC Plan redirects that financing through your Private Family Bank instead. Because whole life policy loans charge simple interest on the outstanding balance — while your cash value continues compounding on the full amount — families systematically recapture wealth that the conventional financial system was designed to extract. Over a lifetime of financing, even recapturing half of this interest produces a transformational difference in family wealth.
Who the FBC Plan Serves
FamiliesThe FBC Plan was built for families who are tired of following financial advice that benefits institutions more than it benefits them. Whether you are just starting out or approaching retirement, the FBC framework gives you a clear, proven path to build wealth that compounds across generations — not just a retirement account that depletes in one.
Churches and Faith OrganizationsThe FBC Plan creates a genuine win-win for churches and their congregations. Member families build generational wealth while a portion of the plan's benefits flows back to support the church's mission. Financial stewardship is not separate from ministry — it is an expression of it. The FBC Plan gives pastors a powerful, practical tool to transform the financial lives of their congregation while funding the work they are called to do.
Small BusinessesSmall business owners already bear the risks of entrepreneurship. The FBC Plan ensures they also capture its full rewards — through maximum legitimate tax efficiency, a private capital reserve they can borrow against without bank approval, and a wealth transfer strategy that passes the business legacy to the next generation without unnecessary tax erosion.
Member OrganizationsUnions, fraternities, sororities, civic groups, alumni associations, and professional organizations can offer the FBC Plan as a premium membership benefit — giving their members access to the same generational wealth strategies historically available only to the affluent. Organizations that bring this knowledge to their members change financial trajectories for entire communities. Frequently Asked Questions About the FBC Plan What is the Family Business Circle Plan? The Family Business Circle Plan is a three-part generational wealth-building system created by Terrance Amen. It combines a Private Family Bank using whole life insurance, lifetime interest recapture, and family business tax efficiency to help families of any income level build and preserve wealth across generations — using the same strategies historically employed by America's wealthiest families. Is whole life insurance better than a 401(k) for building generational wealth? For most families focused on generational wealth, the FBC high cash value whole life insurance structure offers significant advantages over a 401(k): full liquidity at any age with no IRS penalty, guaranteed cash value that never declines in a market crash, tax-free policy loans, and a death benefit that transfers to heirs income-tax-free. A 401(k) is fully taxable at withdrawal and offers no death benefit. What is the Infinite Banking Concept and how does it work? The Infinite Banking Concept (IBC), formalized by R. Nelson Nash in 2000, is a strategy of using a specially structured whole life insurance policy as a private banking system. The policyholder borrows against the policy's cash value for major purchases — cars, real estate, business expenses — while the full cash value continues compounding uninterrupted. Loan repayments, including interest, flow back into the family's own system rather than enriching an external bank. How much interest does the average American family pay over a lifetime? The average American family pays an estimated $500,000 to over $700,000 in interest to banks and lenders over a lifetime — across mortgages, auto loans, student loans, credit cards, and personal financing. This interest permanently leaves the family's financial ecosystem. The FBC Plan's interest recapture strategy redirects this financing through the family's Private Bank, systematically returning a significant portion of this wealth to the family over time. What tax advantages does a family business provide? A legitimately structured family business — LLC or S-Corporation — provides access to tax deductions unavailable to W-2 employees: home office deductions, vehicle expenses, health insurance premiums, retirement plan contributions, and income-shifting strategies. At a 24% federal tax rate, $30,000 in legitimate business deductions saves a family approximately $7,200 annually. These are not loopholes — they are explicit provisions of the U.S. Internal Revenue Code designed for business owners. What is the difference between simple interest and amortized interest? Simple interest is calculated only on the outstanding loan balance — as you repay, the interest you owe decreases proportionally. Amortized interest, used in most mortgages and student loans, front-loads interest so that early payments go primarily to the lender's profit before reducing principal. A $300,000 mortgage at 6.5% can cost over $380,000 in total interest — more than the home itself. Whole life policy loans use simple interest, making them structurally more favorable for the borrower. How does the FBC Plan create generational wealth? 1.Family business tax efficiency preserves additional capital that compounds over decades. 2.The Private Family Bank grows tax-deferred and passes its death benefit income-tax-free to heirs — unlike a 401(k), which is fully taxable at inheritance. 3.Interest recapture keeps wealth inside the family system across generations. Together, these three streams create a self-reinforcing wealth ecosystem that grows with each generation rather than depleting in one. Can churches use the FBC Plan to raise money for their mission? Yes. The FBC Plan creates a genuine win-win for churches and their congregations. As member families implement the plan and build financial freedom, a portion of the plan's benefits supports the church's mission and operational needs. This is not fundraising — it is financial stewardship. Churches that implement the FBC framework provide their congregations with life-changing financial education while simultaneously generating sustainable support for the work they are called to do. How is FBC different from other financial education programs? Most financial education programs teach conventional strategies: contribute to a 401(k), buy term insurance, invest in the market. The FBC Plan is different because it teaches families to build their own financial system rather than participating in someone else's. It combines private banking, interest recapture, and business tax efficiency into one integrated framework — the same strategies used by America's wealthiest families for over 175 years, now made accessible to families of any income level. Who created the Family Business Circle Plan? The Family Business Circle Plan was created by Terrance Amen, founder of Family Business Circle, LLC, based in Lakeland, Florida. Amen is a financial educator and author of the book FBC: Family Business Circle — Creating Generational Wealth Using the Money You're Already Spending. The FBC framework draws on over 175 years of established financial strategy, including the Infinite Banking Concept pioneered by R. Nelson Nash, and applies it specifically to the needs of everyday families, churches, businesses, and community organizations. Who Is Terrance Amen? Terrance Amen is a financial educator, author, and founder of Family Business Circle, LLC, dedicated to teaching families, churches, businesses, and community organizations the wealth-building strategies that have historically been available only to the affluent.
Amen is the author of FBC: Family Business Circle — Creating Generational Wealth Using the Money You're Already Spending, a comprehensive guide that reveals how everyday families can implement the same financial framework used by America's most prosperous dynasties. His work is grounded in established financial law, actuarial science, and over 175 years of proven private banking strategy.
Through Family Business Circle, LLC, Amen has developed a practical, accessible framework that combines high cash value whole life insurance, the Infinite Banking Concept, and a family business into a single integrated system — designed not just to accumulate wealth, but to build it across generations.
Family Business Circle, LLC is headquartered in Lakeland, Florida, and serves families, churches, small businesses, and member organizations nationwide. The strategies in the FBC Plan are not new. They have created dynastic wealth for over 175 years. What is new is that they are now available to every family — not just the privileged few who stumbled upon them by accident or inheritance.
Churches and Faith OrganizationsThe FBC Plan creates a genuine win-win for churches and their congregations. Member families build generational wealth while a portion of the plan's benefits flows back to support the church's mission. Financial stewardship is not separate from ministry — it is an expression of it. The FBC Plan gives pastors a powerful, practical tool to transform the financial lives of their congregation while funding the work they are called to do.
Small BusinessesSmall business owners already bear the risks of entrepreneurship. The FBC Plan ensures they also capture its full rewards — through maximum legitimate tax efficiency, a private capital reserve they can borrow against without bank approval, and a wealth transfer strategy that passes the business legacy to the next generation without unnecessary tax erosion.
Member OrganizationsUnions, fraternities, sororities, civic groups, alumni associations, and professional organizations can offer the FBC Plan as a premium membership benefit — giving their members access to the same generational wealth strategies historically available only to the affluent. Organizations that bring this knowledge to their members change financial trajectories for entire communities. Frequently Asked Questions About the FBC Plan What is the Family Business Circle Plan? The Family Business Circle Plan is a three-part generational wealth-building system created by Terrance Amen. It combines a Private Family Bank using whole life insurance, lifetime interest recapture, and family business tax efficiency to help families of any income level build and preserve wealth across generations — using the same strategies historically employed by America's wealthiest families. Is whole life insurance better than a 401(k) for building generational wealth? For most families focused on generational wealth, the FBC high cash value whole life insurance structure offers significant advantages over a 401(k): full liquidity at any age with no IRS penalty, guaranteed cash value that never declines in a market crash, tax-free policy loans, and a death benefit that transfers to heirs income-tax-free. A 401(k) is fully taxable at withdrawal and offers no death benefit. What is the Infinite Banking Concept and how does it work? The Infinite Banking Concept (IBC), formalized by R. Nelson Nash in 2000, is a strategy of using a specially structured whole life insurance policy as a private banking system. The policyholder borrows against the policy's cash value for major purchases — cars, real estate, business expenses — while the full cash value continues compounding uninterrupted. Loan repayments, including interest, flow back into the family's own system rather than enriching an external bank. How much interest does the average American family pay over a lifetime? The average American family pays an estimated $500,000 to over $700,000 in interest to banks and lenders over a lifetime — across mortgages, auto loans, student loans, credit cards, and personal financing. This interest permanently leaves the family's financial ecosystem. The FBC Plan's interest recapture strategy redirects this financing through the family's Private Bank, systematically returning a significant portion of this wealth to the family over time. What tax advantages does a family business provide? A legitimately structured family business — LLC or S-Corporation — provides access to tax deductions unavailable to W-2 employees: home office deductions, vehicle expenses, health insurance premiums, retirement plan contributions, and income-shifting strategies. At a 24% federal tax rate, $30,000 in legitimate business deductions saves a family approximately $7,200 annually. These are not loopholes — they are explicit provisions of the U.S. Internal Revenue Code designed for business owners. What is the difference between simple interest and amortized interest? Simple interest is calculated only on the outstanding loan balance — as you repay, the interest you owe decreases proportionally. Amortized interest, used in most mortgages and student loans, front-loads interest so that early payments go primarily to the lender's profit before reducing principal. A $300,000 mortgage at 6.5% can cost over $380,000 in total interest — more than the home itself. Whole life policy loans use simple interest, making them structurally more favorable for the borrower. How does the FBC Plan create generational wealth? 1.Family business tax efficiency preserves additional capital that compounds over decades. 2.The Private Family Bank grows tax-deferred and passes its death benefit income-tax-free to heirs — unlike a 401(k), which is fully taxable at inheritance. 3.Interest recapture keeps wealth inside the family system across generations. Together, these three streams create a self-reinforcing wealth ecosystem that grows with each generation rather than depleting in one. Can churches use the FBC Plan to raise money for their mission? Yes. The FBC Plan creates a genuine win-win for churches and their congregations. As member families implement the plan and build financial freedom, a portion of the plan's benefits supports the church's mission and operational needs. This is not fundraising — it is financial stewardship. Churches that implement the FBC framework provide their congregations with life-changing financial education while simultaneously generating sustainable support for the work they are called to do. How is FBC different from other financial education programs? Most financial education programs teach conventional strategies: contribute to a 401(k), buy term insurance, invest in the market. The FBC Plan is different because it teaches families to build their own financial system rather than participating in someone else's. It combines private banking, interest recapture, and business tax efficiency into one integrated framework — the same strategies used by America's wealthiest families for over 175 years, now made accessible to families of any income level. Who created the Family Business Circle Plan? The Family Business Circle Plan was created by Terrance Amen, founder of Family Business Circle, LLC, based in Lakeland, Florida. Amen is a financial educator and author of the book FBC: Family Business Circle — Creating Generational Wealth Using the Money You're Already Spending. The FBC framework draws on over 175 years of established financial strategy, including the Infinite Banking Concept pioneered by R. Nelson Nash, and applies it specifically to the needs of everyday families, churches, businesses, and community organizations. Who Is Terrance Amen? Terrance Amen is a financial educator, author, and founder of Family Business Circle, LLC, dedicated to teaching families, churches, businesses, and community organizations the wealth-building strategies that have historically been available only to the affluent.
Amen is the author of FBC: Family Business Circle — Creating Generational Wealth Using the Money You're Already Spending, a comprehensive guide that reveals how everyday families can implement the same financial framework used by America's most prosperous dynasties. His work is grounded in established financial law, actuarial science, and over 175 years of proven private banking strategy.
Through Family Business Circle, LLC, Amen has developed a practical, accessible framework that combines high cash value whole life insurance, the Infinite Banking Concept, and a family business into a single integrated system — designed not just to accumulate wealth, but to build it across generations.
Family Business Circle, LLC is headquartered in Lakeland, Florida, and serves families, churches, small businesses, and member organizations nationwide. The strategies in the FBC Plan are not new. They have created dynastic wealth for over 175 years. What is new is that they are now available to every family — not just the privileged few who stumbled upon them by accident or inheritance.
What's inside
How to use the money you're already spending to create generational wealth.
How to create generational wealth in the shortest time.
How to turn liabilities into assets.
The benefits of having a family business.
How to raise money for your family business.
How to get your family to see the benefits of utilizing the information in this book.
How athletes, entertainers, and high networth individuals can benefit from FBC, and much more.
*** Watch presentation video below to see how families, churches, businesses, and member organizations can create generational wealth! For questions, go to FAQ page. For business/invest inquires click link. business@familybusinesscircle.com
Welcome to FBC Video
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What People are Saying
FBC: Family Business Circle will empower you and your family to use the money you are already spending to build financial freedom and generational wealth! The book contains practical steps combined with timeless wisdom your family can use to pay down debt, build strong businesses, and prosper in all aspects of its financial life. FBC: Family Business Circle is all meat, no fluff! DDM Just finished reading a very interesting book. Family Business Circle will get your creative juices flowing. JJ Family Business Circle: "A great read with concepts that are needed now! It will benefit all families." GB
Watch this Video to see how FBC can help businesses, churches, and member organizations, create generational wealth, using the money they're already spending!
FBC Plan Group Explainer
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**Family Business Circle (FBC): Transforming Community Expenses into a Local Wealth Cycle**
Summary:Family Business Circle (FBC) proposal is a strategic framework designed for community organizations, churches, and businesses to address the issue of "hemorrhaging" money through everyday expenses. According to the sources, local communities lose millions of dollars annually as essential bills for services like insurance, cell phones, and internet flow out to large external corporations. The FBC system is engineered to "plug the leak" by redirecting this spending through a specific three-step process, turning a community's regular costs into a self-sustaining local wealth cycle. The defining feature of this model is ownership, which allows participating organizations to move beyond being mere customers and instead own a portion of the system and share in its profits. Key Takeaways* Identifying the "Money Leak"**: Many organizations pay essential bills on "autopilot," creating a constant river of cash that flows out of the local community and into the pockets of outside companies.*The Power of Redirection**: Instead of viewing monthly expenses as a lost cost, the FBC system captures these same dollars to ensure they circulate and work for the local community.*A Three-Step Wealth Process**: The system functions by first identifying where money is going, redirecting that spending through the FBC system, and finally **recapturing those funds** to build local wealth.*Ownership as a "Game Changer"**: Unlike traditional service models, FBC provides an opportunity for organizations to **own a piece of the system itself**, granting them a voice in governance and a share of the profits.*Self-Sustaining Economic Fortress**: The ultimate goal is to convert a community's necessary monthly expenses into a real, self-sustaining engine for **generational wealth**.*Strategic Participation**: The proposal is presented as an opportunity for participation rather than a standard sales pitch, encouraging leaders to review detailed presentations and website materials to understand the full ownership model.
Sources:*Overview of the FBC proposal for community organizations and the concept of "hemorrhaging" money.*Description of the "money leak" (insurance, cell phones, internet) and its economic impact on local communities.*Definition of the FBC system and the transition from a financial leak to a "wealth cycle."*The three-step process (Identify, Redirect, Recapture) and the "game-changing" concept of ownership.
Summary:Family Business Circle (FBC) proposal is a strategic framework designed for community organizations, churches, and businesses to address the issue of "hemorrhaging" money through everyday expenses. According to the sources, local communities lose millions of dollars annually as essential bills for services like insurance, cell phones, and internet flow out to large external corporations. The FBC system is engineered to "plug the leak" by redirecting this spending through a specific three-step process, turning a community's regular costs into a self-sustaining local wealth cycle. The defining feature of this model is ownership, which allows participating organizations to move beyond being mere customers and instead own a portion of the system and share in its profits. Key Takeaways* Identifying the "Money Leak"**: Many organizations pay essential bills on "autopilot," creating a constant river of cash that flows out of the local community and into the pockets of outside companies.*The Power of Redirection**: Instead of viewing monthly expenses as a lost cost, the FBC system captures these same dollars to ensure they circulate and work for the local community.*A Three-Step Wealth Process**: The system functions by first identifying where money is going, redirecting that spending through the FBC system, and finally **recapturing those funds** to build local wealth.*Ownership as a "Game Changer"**: Unlike traditional service models, FBC provides an opportunity for organizations to **own a piece of the system itself**, granting them a voice in governance and a share of the profits.*Self-Sustaining Economic Fortress**: The ultimate goal is to convert a community's necessary monthly expenses into a real, self-sustaining engine for **generational wealth**.*Strategic Participation**: The proposal is presented as an opportunity for participation rather than a standard sales pitch, encouraging leaders to review detailed presentations and website materials to understand the full ownership model.
Sources:*Overview of the FBC proposal for community organizations and the concept of "hemorrhaging" money.*Description of the "money leak" (insurance, cell phones, internet) and its economic impact on local communities.*Definition of the FBC system and the transition from a financial leak to a "wealth cycle."*The three-step process (Identify, Redirect, Recapture) and the "game-changing" concept of ownership.
***“Interest on a life‐insurance policy loan is deductible only if the policy insures a “key person” of the business – defined as an officer or a 20%-owner – and then only on up to $50,000 of loan indebtedness per such insured (per IRC §264(e))***
Watch FBC Presentation Video
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**The FBC Plan: Five Income and Wealth Streams**
**Summary:** The Family Business Circle Plan is engineered to create five simultaneous income and wealth streams from money families are already spending. By combining a family business with a Private Family Bank, participants systematically redirect money that was previously flowing to banks, the IRS, and external corporations — back into a self-reinforcing family wealth ecosystem that grows with each generation.
**Key Takeaways:** **Stream 1 — Family Business Tax Savings:** A legitimately structured family business unlocks IRS deductions unavailable to W-2 employees. At $15,000 in conservative annual deductions a family in the 12% federal bracket preserves $2,625 per year — compounding to $183,122 over 30 years. **Stream 2 — Private Family Bank Growth:** Your high cash value whole life policy compounds tax-deferred at a guaranteed rate under IRC §7702. At $500 per month that grows to $418,565 in contractually guaranteed cash value over 30 years — with zero exposure to stock market crashes.
**Stream 3 — Commission Income from Redirected Spending:** Earn recurring commissions on services your family and network already use — cell phones, insurance, and internet. No new spending required. Money that was leaving your community stays and multiplies within it.
**Stream 4 — Lifetime Interest Recapture:** Finance purchases through your Family Bank instead of external lenders. A single $10,000 credit card balance redirected through the FBC system at 6.5% simple interest instead of 20.99% amortized creates $3,187 in total economic advantage — and your cash value keeps compounding the entire time. This is just one example, but the average family spends over $500,000 in interest over a lifetime. You have the opportunity to recapture part of that money!
**Stream 5 — Generational Death Benefit:** All five streams compound over time and transfer income-tax-free to your heirs as a growing whole life death benefit. Unlike a 401(k) which is fully taxable at inheritance, the FBC death benefit passes to the next generation with zero income tax — the ultimate expression of generational wealth.
**Supporting Sources:** Federal Reserve Consumer Credit Report 2025 (credit card rate 20.99%); IRS IRC §7702 (tax-deferred cash value); IRS IRC §162 and §280A (family business deductions); Fidelity Investments Retirement Analysis 2024 (2.43% of 401k participants reach millionaire status); U.S. Census Bureau Median Household Income 2023 ($80,610); Insurance & Estates — Top Dividend Paying Whole Life Companies 2026.
**Summary:** The Family Business Circle Plan is engineered to create five simultaneous income and wealth streams from money families are already spending. By combining a family business with a Private Family Bank, participants systematically redirect money that was previously flowing to banks, the IRS, and external corporations — back into a self-reinforcing family wealth ecosystem that grows with each generation.
**Key Takeaways:** **Stream 1 — Family Business Tax Savings:** A legitimately structured family business unlocks IRS deductions unavailable to W-2 employees. At $15,000 in conservative annual deductions a family in the 12% federal bracket preserves $2,625 per year — compounding to $183,122 over 30 years. **Stream 2 — Private Family Bank Growth:** Your high cash value whole life policy compounds tax-deferred at a guaranteed rate under IRC §7702. At $500 per month that grows to $418,565 in contractually guaranteed cash value over 30 years — with zero exposure to stock market crashes.
**Stream 3 — Commission Income from Redirected Spending:** Earn recurring commissions on services your family and network already use — cell phones, insurance, and internet. No new spending required. Money that was leaving your community stays and multiplies within it.
**Stream 4 — Lifetime Interest Recapture:** Finance purchases through your Family Bank instead of external lenders. A single $10,000 credit card balance redirected through the FBC system at 6.5% simple interest instead of 20.99% amortized creates $3,187 in total economic advantage — and your cash value keeps compounding the entire time. This is just one example, but the average family spends over $500,000 in interest over a lifetime. You have the opportunity to recapture part of that money!
**Stream 5 — Generational Death Benefit:** All five streams compound over time and transfer income-tax-free to your heirs as a growing whole life death benefit. Unlike a 401(k) which is fully taxable at inheritance, the FBC death benefit passes to the next generation with zero income tax — the ultimate expression of generational wealth.
**Supporting Sources:** Federal Reserve Consumer Credit Report 2025 (credit card rate 20.99%); IRS IRC §7702 (tax-deferred cash value); IRS IRC §162 and §280A (family business deductions); Fidelity Investments Retirement Analysis 2024 (2.43% of 401k participants reach millionaire status); U.S. Census Bureau Median Household Income 2023 ($80,610); Insurance & Estates — Top Dividend Paying Whole Life Companies 2026.
For more information, click on the FAQ page here. To order book, click here. To make a contribution, click here. For more information or to setup a high cash value whole life plan, after reading the FAQ page, click here.
***Currently, this firm does not offer insurance policies directly to churches. However, they may provide referrals to reputable firms or agents who specialize in designing high cash value whole life policies tailored to your needs. Please email me for more details here
FBC Plan vs Buy Term Invest the Difference Plan
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Beyond the Millionaire Myth: Family Business Circle (FBC) vs. Traditional BTID
Summary:The traditional financial strategy of "Buy Term and Invest the Difference" (BTID) is often marketed as the gold standard for wealth building, yet data shows that less than 3% of 401k participants actually reach millionaire status using this model. The BTID approach suffers from real-world human behavior issues and structural flaws, such as mandatory illiquidity, tax friction, and a lack of control over capital. In contrast, the Family Business Circle (FBC) plan focuses on active ownership rather than passive saving. By combining a family business with a "family bank"—a specially designed high-cash-value whole life insurance policy—investors can access capital tax-free, recapture interest, and keep their money compounding even while it is being used for other opportunities.
Key Takeaways*The 401k Disconnect: While BTID looks good on paper, it fails to account for human variables like market crashes or lack of discipline. Data from Fidelity indicates that only 2.43% of participants are actually millionaires within their 401ks.*Structural Flaws of BTID: The traditional model has a "built-in structural ceiling" caused by mandatory illiquidity (money is locked until age 59.5), tax friction (unpredictable future tax bills), and a lack of control over one's own capital.*The Power of Ownership: Real wealth is built through owning assets that one can control, specifically businesses and real estate, rather than just being a passive saver in public stocks.*The Family Bank Concept: This is the engine of the FBC plan, utilizing a specially designed whole life insurance policy to store and protect wealth. It allows for tax-free growth and access to capital through policy loans without triggering penalties or taxes.*Using Money in Two Places: Unlike a 401k, where taking money out stops its growth, the FBC plan allows the original cash value to continue compounding even when a loan is taken against it, effectively letting the user utilize their money in two places at once.*Economic Fortress vs. Investment Account: The BTID plan is an external, fragmented system where control is handed to Wall Street; the FBC plan is an internal, unified system or "economic fortress" where the individual maintains total control.
Sources: *Fidelity data on 401k millionaire percentages.*Comparison of average 401k balances vs. millionaire balances; limitations of the BTI model.*Structural flaws: Illiquidity, tax friction, and lack of control.* Differences in accessing money: BTID penalties vs. FBC tax-free loans.* The role of ownership (business and real estate) in building self-made wealth.*Definition and function of the Family Bank and Family Business engine.*Comparative philosophies: External/fragmented (BTID) vs. Internal/unified (FBC) systems.
Key Takeaways*The 401k Disconnect: While BTID looks good on paper, it fails to account for human variables like market crashes or lack of discipline. Data from Fidelity indicates that only 2.43% of participants are actually millionaires within their 401ks.*Structural Flaws of BTID: The traditional model has a "built-in structural ceiling" caused by mandatory illiquidity (money is locked until age 59.5), tax friction (unpredictable future tax bills), and a lack of control over one's own capital.*The Power of Ownership: Real wealth is built through owning assets that one can control, specifically businesses and real estate, rather than just being a passive saver in public stocks.*The Family Bank Concept: This is the engine of the FBC plan, utilizing a specially designed whole life insurance policy to store and protect wealth. It allows for tax-free growth and access to capital through policy loans without triggering penalties or taxes.*Using Money in Two Places: Unlike a 401k, where taking money out stops its growth, the FBC plan allows the original cash value to continue compounding even when a loan is taken against it, effectively letting the user utilize their money in two places at once.*Economic Fortress vs. Investment Account: The BTID plan is an external, fragmented system where control is handed to Wall Street; the FBC plan is an internal, unified system or "economic fortress" where the individual maintains total control.
Sources: *Fidelity data on 401k millionaire percentages.*Comparison of average 401k balances vs. millionaire balances; limitations of the BTI model.*Structural flaws: Illiquidity, tax friction, and lack of control.* Differences in accessing money: BTID penalties vs. FBC tax-free loans.* The role of ownership (business and real estate) in building self-made wealth.*Definition and function of the Family Bank and Family Business engine.*Comparative philosophies: External/fragmented (BTID) vs. Internal/unified (FBC) systems.
“Here’s what a nationally known CPA and educator has to say about Whole Life Insurance and a 401K.”
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Rescuing Retirement: Leveraging Permanent Life Insurance for Tax-Free Wealth and Security
Summary:According to the sources, renowned CPA and tax expert Ed Slott argues that permanent life insurance is the most underutilized strategy for protecting large retirement balances from being decimated by taxation. Slott highlights that traditional tax-deferred accounts, such as IRAs and 401ks, are "forever taxed" and carry a "mortgage" owed to the government, making them vulnerable to future tax hikes and market volatility. The proposed solution is to move funds from these accounts into "never taxed" permanent life insurance. This strategy not only provides a guaranteed, tax-free death benefit for heirs but also allows the policyholder tax-free access to cash value during their lifetime, effectively turning a taxable estate into a tax-free windfall.
Key Takeaways*Tax Risk vs. Investment Risk: Most retirees focus on market risk, but tax risk is a "silent retirement killer" because future tax rates could reach 50% or 60%, leaving retirees with significantly less spendable money than they anticipated.*The IRA "Mortgage": Tax-deferred accounts are not "real money" because the government owns a portion of them; the only real money is tax-free money.*The Liquidity Problem: A "liquidity analysis" often reveals that 95% of a person's estate is illiquid, which may force families into "fire sales" of businesses or real estate to pay post-death taxes and expenses.*Strategic Leveraging: Slott suggests drawing down taxable IRAs now—while tax rates are at all-time lows—to pay life insurance premiums, which "pays off the mortgage" on the retirement account and creates a larger tax-free pot of money for the future.*Lifetime Benefits: Permanent life insurance allows tax-free access to cash value for retirement, which does not increase reported income or cause Social Security benefits to be taxed.*Estate Protection: If set up correctly (often through a trust or someone other than the insured), the death benefit is exempt from both income and estate taxes, unlike a Roth IRA which is still subject to estate taxes.*Wealth Creation: Life insurance can replace stock market losses immediately and can be used to provide a "pension alternative" for beneficiaries.*Common Mistakes: Many people incorrectly view life insurance as a "cost" rather than an **investment and fail to maximize the amount they contribute to the policy.
Sources*Ed Slott’s credentials and the objective tax benefits of life insurance.*The "silent killers" of retirement: tax risk, market risk, and the "mortgage" on IRAs.*Liquidity analysis and the problem of illiquid estates.*Moving money from "forever taxed" to "never taxed" accounts and lifetime access to cash.*Leveraging IRAs, replacing market losses, and creating tax-free wealth.*Life insurance as a pension alternative and a tool to avoid family squabbles.*Common mistakes: improper ownership, viewing it as a cost, and misunderstanding tax-free status.*Protecting young families and the increasing value of tax-free money as rates rise.*Comparison of IRAs vs. life insurance and the "only legal way to print money."
Key Takeaways*Tax Risk vs. Investment Risk: Most retirees focus on market risk, but tax risk is a "silent retirement killer" because future tax rates could reach 50% or 60%, leaving retirees with significantly less spendable money than they anticipated.*The IRA "Mortgage": Tax-deferred accounts are not "real money" because the government owns a portion of them; the only real money is tax-free money.*The Liquidity Problem: A "liquidity analysis" often reveals that 95% of a person's estate is illiquid, which may force families into "fire sales" of businesses or real estate to pay post-death taxes and expenses.*Strategic Leveraging: Slott suggests drawing down taxable IRAs now—while tax rates are at all-time lows—to pay life insurance premiums, which "pays off the mortgage" on the retirement account and creates a larger tax-free pot of money for the future.*Lifetime Benefits: Permanent life insurance allows tax-free access to cash value for retirement, which does not increase reported income or cause Social Security benefits to be taxed.*Estate Protection: If set up correctly (often through a trust or someone other than the insured), the death benefit is exempt from both income and estate taxes, unlike a Roth IRA which is still subject to estate taxes.*Wealth Creation: Life insurance can replace stock market losses immediately and can be used to provide a "pension alternative" for beneficiaries.*Common Mistakes: Many people incorrectly view life insurance as a "cost" rather than an **investment and fail to maximize the amount they contribute to the policy.
Sources*Ed Slott’s credentials and the objective tax benefits of life insurance.*The "silent killers" of retirement: tax risk, market risk, and the "mortgage" on IRAs.*Liquidity analysis and the problem of illiquid estates.*Moving money from "forever taxed" to "never taxed" accounts and lifetime access to cash.*Leveraging IRAs, replacing market losses, and creating tax-free wealth.*Life insurance as a pension alternative and a tool to avoid family squabbles.*Common mistakes: improper ownership, viewing it as a cost, and misunderstanding tax-free status.*Protecting young families and the increasing value of tax-free money as rates rise.*Comparison of IRAs vs. life insurance and the "only legal way to print money."
The Multipurpose Generational Wealth Creator
Here are some key points why every family, business, church, and member organization should support and work with FBC and get a high cash value whole life policy.
• Your Own Family Bank: Borrow against your policy at any time—no credit checks or approvals—and keep your cash value compounding in the background.• Emergency Fund on Demand: Tap into your cash value for unexpected expenses—medical bills, home repairs, tuition—without dipping into savings or selling investments.• Business & Investment Capital: Finance cars, real estate down-payments, business startups, or debt pay-offs at a fixed, low loan rate while your policy value continues to grow.• Tax-Advantaged Liquidity: Policy loans and withdrawals (up to your cost basis) are generally tax-free, giving you cash when you need it without a tax hit.• Guaranteed, Stable Growth: Earn a minimum interest rate plus annual dividends—insulated from market volatility—and watch your cash value compound year after year.• Retirement Supplement: Use policy loans instead of selling down market investments; borrow when markets dip and repay when they recover—protecting your nest egg.• Generational Wealth Creator: Lock in an income-tax-free death benefit that passes to your heirs, funding estates, covering taxes, or kick-starting the next generation’s goals.• Flexible Premium Design: Structure your policy with Paid-Up Additions to accelerate cash-value build-up or add term riders for extra death benefit—fully customizable to your needs.• Creditor & Estate Protection: In many states, your policy’s cash value and death benefit are shielded from creditors, lawsuits, and probate delays.Only Catch: You typically break even in about 4–6 years—this is how insurers fund your guarantees and dividends. But you can still borrow and leverage your cash value within 7-10 business days, after setting up the account, making every dollar work for you through liquidity, growth, and legacy benefits.Invest in more than “just insurance”—build a versatile, tax-efficient financial engine that funds your life today and secures your family’s tomorrow.***Make sure you’re working with a qualified agent who knows how to design a high cash value policy, that will give up 90% of their commissions to benefit you! Click here for more information or to speak with an agent.
Turn Bills Into WealthRedirect everyday spending (cell plans, insurance, debt) into your own family-owned ventures and keep money circulating in your community.• Your Private “Family Bank”Use high cash-value whole life insurance as the family bank—borrow tax-free for debt reduction, business ventures, real estate, or emergencies.• Multiple Income StreamsEarn commissions on services you already use, create new revenue from family businesses, and explore bulk-purchase programs for churches and member groups.• Tax-Efficient GrowthEnjoy tax-deferred cash-value growth, tax-free policy loans, and income-tax-free death benefits for heirs.• Accelerated Wealth BuildingLeverage policy loans at low interest (6-7%) to invest at higher returns (8–12%+), then recycle profits back into your policy.• Legacy & ProtectionSecure a guaranteed death benefit to pass wealth generationally, plus key-person protection and executive compensation solutions for businesses.• Community EmpowermentStrengthen families, churches, and organizations with financial education, using the Spending-to-Wealth Calculator, and step-by-step guidance from FBC.• Flexible Access & ControlBorrow against your policy anytime—no credit checks, no market risk, and your cash value continues compounding even when loans are outstanding. FBC Startup Opportunity! Own a part of FBC, while having the option to earn commissions on products and services you use everyday.Join early: FBC is a growing startup with vast potential. While success isn’t guaranteed, the unparalleled benefits of multiple income streams, tax advantages, and community impact make it a compelling opportunity.AI is taking jobs now and will continue to. Don’t wait for it to take yours. Start by getting prepared now with FBC! See how your cash value can save or even earn you money, use the FBC Spending to Wealth Calculator.Click here. For more information, click on the FAQ page here. To order book, click here. To make a contribution, click here. For more information or to setup a high cash value whole life plan, after reading the FAQ page, click here.***Currently, this firm does not offer insurance policies directly to churches. However, they may provide referrals to reputable firms or agents who specialize in designing high cash value whole life policies tailored to your needs. Please email me for more details here *** FBC is a startup and outcomes are not guaranteed. Please read the disclaimer before making a contribution.
Turn Bills Into WealthRedirect everyday spending (cell plans, insurance, debt) into your own family-owned ventures and keep money circulating in your community.• Your Private “Family Bank”Use high cash-value whole life insurance as the family bank—borrow tax-free for debt reduction, business ventures, real estate, or emergencies.• Multiple Income StreamsEarn commissions on services you already use, create new revenue from family businesses, and explore bulk-purchase programs for churches and member groups.• Tax-Efficient GrowthEnjoy tax-deferred cash-value growth, tax-free policy loans, and income-tax-free death benefits for heirs.• Accelerated Wealth BuildingLeverage policy loans at low interest (6-7%) to invest at higher returns (8–12%+), then recycle profits back into your policy.• Legacy & ProtectionSecure a guaranteed death benefit to pass wealth generationally, plus key-person protection and executive compensation solutions for businesses.• Community EmpowermentStrengthen families, churches, and organizations with financial education, using the Spending-to-Wealth Calculator, and step-by-step guidance from FBC.• Flexible Access & ControlBorrow against your policy anytime—no credit checks, no market risk, and your cash value continues compounding even when loans are outstanding. FBC Startup Opportunity! Own a part of FBC, while having the option to earn commissions on products and services you use everyday.Join early: FBC is a growing startup with vast potential. While success isn’t guaranteed, the unparalleled benefits of multiple income streams, tax advantages, and community impact make it a compelling opportunity.AI is taking jobs now and will continue to. Don’t wait for it to take yours. Start by getting prepared now with FBC! See how your cash value can save or even earn you money, use the FBC Spending to Wealth Calculator.Click here. For more information, click on the FAQ page here. To order book, click here. To make a contribution, click here. For more information or to setup a high cash value whole life plan, after reading the FAQ page, click here.***Currently, this firm does not offer insurance policies directly to churches. However, they may provide referrals to reputable firms or agents who specialize in designing high cash value whole life policies tailored to your needs. Please email me for more details here *** FBC is a startup and outcomes are not guaranteed. Please read the disclaimer before making a contribution.
***To learn more about the company, click on The FBC Plan page***
The Window Is Open. Your Family's Financial Future Starts Here. The first steps costs nothing. Make sure to watch the presentation video, and if you want more information, watch the explainer videos. If you have questions, click on the FAQ page. To order the book, click here. To speak with a qualified agent, click here or make a contribution, click here. Decide if your family deserves a better plan to create generational wealth.