Richard CanfieldPodcast Host and IBC Advisor, Ascendant Financial · Authorized Infinite Banking Practitioner | Author of 4 Books

Improving Church Funds Wisely

19 Jul 2024 · 1 min

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Richard Canfield proposes churches syndicate tithes and offerings into trust-owned life insurance policies. The accumulated funds become a tax-free, liquid account that seeds ministries indefinitely, cutting the need for constant fundraising.

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The ministry that I want to have is going to really press on, teaching the leaders of the church and the administrators, the people who make the decisions on where the tithes and offerings go. The tithes and offerings before we spent it, that we simply syndicated that money through mutual life insurance policies, otherwise known as toli, trust owned life insurance, and had all that flowing into a guaranteed liquid tax free compounding account that the church could then from there capitalize the seed and then deploy the seed into the different ministries that they want to build. And from there you never have to ask for more seed.