The Family Banking (Part 3) – Setting the foundation for 63 policies including 7 on Business Partners
What This Covers
An in-depth walkthrough of how Jason and his family have built and operate a fully functional multi-generational Family Banking System, with 63 life insurance policies in force across family members, business partners, and key employees. Includes real examples of policy usage, lessons learned, internal loan governance, and how to set up a formal lending structure within your own family.
Why Clients Use This
To see what’s possible when growing a Family Banking System over time
To learn how to formalize lending processes within your family
To avoid costly mistakes by understanding real-world learning experiences
To model professional-level documentation and accountability, even in personal settings
Key Insights by Timestamp
(00:01) – Policy Overview
63 policies in total within Jason’s family system.
Policies are placed on Jason, his wife, kids, siblings, nieces, nephews, business partners, and even staff.
Example: His executive assistant has a policy with a buyout option after 10 years of service.
(02:38) – Lessons from Loan Defaults
A vehicle loan outside the family defaulted; legal action was required.
Civil enforcement and repossession led to a ~$6,000 net loss, but the policy’s growth offset it.
Emphasizes the importance of being a diligent banker and applying strong screening.
(04:31) – Cash Flow Example
Over $20,000 per month flows back into the family banking system from internal loans.
Used for business equipment, vehicles, debt consolidation, etc.
(05:12) – Using Policies in Business
Corporate-owned policies cover overhead quarterly.
Infinite banking is used as a strategic cash flow system, not just a savings plan.
(06:29) – Accountability & Mindset
“You are responsible to clients, not for them.”
Being a banker means managing lending, repayments, and agreements with discipline.
(09:52) – Loan Processing with Legal Oversight
Even family loans go through formal legal channels.
Attorney oversees promissory notes, fund transfers, and default processes.
Children meet directly with Jason for education and accountability.
(12:23) – Tracking & Meetings
Jason’s wife, Rebecca, tracks policy performance and repayments quarterly.
Regular one-on-one banking meetings with children teach values and responsibilities.
(15:12) – Start Simple, Scale Naturally
Even if your system is small today, this video shows the vision of what it can become.
Everyone begins somewhere. Focus on progress, not perfection.
(16:59) – Resources & Tools
All templates (loan agreements, promissory notes) will be available in the client portal.
Coaching sessions, tools, and recorded family banking examples (e.g., David Stearns’ walkthrough) are posted there.
What You’ll Take Away
A step-by-step mindset for scaling your family banking system.
Real-world wisdom from both wins and losses.
Templates and tools to formalize family lending.
Clarity on how to use policies in personal and business finances.