Family Banking With Life Insurance in Florida That Actually Works

Family walking, children on shoulders, through blooming orchard; sunny day.

Be Your Own Banker

What the infinite banking concept really means

Here is the plain version. You use a specially designed whole life policy that builds strong cash value. You borrow against that cash value for cars, college, or a business idea, then you pay yourself back on a schedule you control. The policy keeps earning while the loan is out if the structure is right. I set these up at AEGIS Elder Advisors for Parrish families who want control and a clean plan they can explain at the kitchen table. If you want foundation first, read about whole life insurance and how we design it for early cash value.

Why People Choose It

Benefits of a family banking strategy

You keep more interest in the family instead of feeding a bank. You get access to funds without credit checks or a committee. You set terms and you stay disciplined. The policy stays in force for life, so a death benefit still shows up for your heirs. Loans are generally tax free and the death benefit to beneficiaries is tax free. Used with care, this becomes the funding engine that grandkids will feel. If legacy is a priority, take a look at our generational wealth transfer ideas too.

How We Build It

Setting up an infinite banking policy the right way

Not every policy will do. We use dividend paying whole life from strong mutual insurers, add paid up additions for high early cash value, and size premiums so you can keep pace year after year. I manage MEC limits and loan discipline so you do not trip tax issues. We will decide how much to commit, how fast you want access, and which carrier fits your goals.

Real Uses That Fit Life

Common ways clients use a family bank

Funding college or trade school with payback on your terms. Replacing the car loan game with a policy loan that returns interest to you. Seeding a small business or rental property so the profit cycle pays the policy back. In retirement, using loans to supplement income while the policy stays intact. If you want the full legacy view, pair this with life insurance & wealth planning so every dollar has a job.

Quick Answers

FAQ for infinite banking

  • Do I still earn while a loan is out?

    Yes, the policy credits continue on full cash value while you pay loan interest.

  • Is this risky?

    It requires discipline and tracking. We set rules and follow them.

  • How soon can I use cash value?

    Often in year one if designed correctly. Years two to five can grow access quickly.

Ready To Run The Numbers

Start your family bank

Bring your budget and your timeline. I will show a clean illustration and a funding schedule that makes sense in Parrish life.