Creating generational wealth, using the money you're already spending. See how much your family spends today, how much you could keep in the family, and what it could grow into.
New here? Watch the FBC presentation video above first, or on familybusinesscircle.com, then try your own numbers below.
Printed on from familybusinesscircle.com
1
Your everyday spending
Enter what your family spends each month. Then choose what share of each category you could run through your own family bank (a high cash value whole life policy) so the money stays in the family instead of going to banks and finance companies.
Category
Monthly spending
Share kept in family
Kept per month
Total
$0
$0
You spend per year
$0
All 7 categories
Spent over 30 years
$0
At today's prices
Kept in family / month
$0
0% of spending
Kept in family / year
$0
Used in Step 3
Money that leaves vs. money that stays
Cumulative dollars (no growth) over each time period.
Kept in the family (FBC way)Still leaves the family
2
Policy loans vs. high-interest debt
With a high cash value whole life policy you can borrow against your cash value, often at a lower rate, and pay off higher-interest debt. Your cash value keeps growing while you repay yourself. Compare the interest and payoff time.
%
Used in all tabs and in Step 3.
Your high-interest debts
Same monthly payment either way. The only difference is the interest rate: the lender's rate vs. your policy loan rate. Set a balance to $0 to leave a debt out.
Traditional way: pay the lenders
Total debt$0
Average interest rate0%
Interest paid$0
Time to debt-free-
Total paid$0
FBC way: borrow from your policy
Policy loan amount$0
Policy loan rate0%
Interest paid$0
Time to debt-free-
Total paid$0
Interest paid
Remaining balance over time
TraditionalFBC policy loan
Your next car
$
$
yrs
%
Traditional car loan
Amount financed$0
Monthly payment$0
Interest paid to lender$0
Total paid$0
Policy loan (FBC way)
Amount borrowed from policy$0
Monthly payment$0
Policy loan interest$0
Total paid$0
Loan balance by year
Dealer / bank loanPolicy loan
Your home
$
$
yrs
%
$
For example, money freed up in Steps 1 and 2.
Regular mortgage
Loan amount$0
Monthly payment$0
Interest paid to bank$0
Paid off in-
Accelerated payoff
Loan amount$0
Monthly payment + extra$0
Interest paid to bank$0
Paid off in-
Mortgage balance by year
Regular scheduleWith extra payment
3
Your family wealth in 10, 20 and 30 years
Each month, the money you keep in the family (Step 1) goes to work. Traditional way: it pays your debts at the lenders' rates, then gets saved. FBC way: it builds cash value in your policy, and you borrow from the policy at the lower rate to clear the debt (Step 2) while your cash value keeps growing.
$
From Step 1. Type a number to override.
$
From Step 2. Type a number to override.
%
Average from Step 2.
%
Same rate for both ways.
Family wealth growth: traditional way vs. FBC way
Net worth from this money only (savings or cash value, minus any debt and policy loans). Hover or tap the chart for yearly values.
FBC wayTraditional wayMoney spent the traditional way (gone)
Projection
10 years
20 years
30 years
Important disclaimer: This calculator is for education and illustration only. All results are estimates based on the numbers you enter and simplified assumptions (steady growth rate, fixed interest rates, no fees, taxes, policy charges, or changes in dividends). They are not financial, tax, legal, or insurance advice, and they are not a guarantee or a quote for any policy. Whole life insurance policies have costs, underwriting requirements, and policy loan terms that vary by company; unpaid policy loans and interest reduce cash value and death benefit. Talk with a licensed financial professional and insurance agent before making decisions. Your numbers stay in your own browser and are not sent anywhere.