Whole Life is permanent coverage that builds cash value over time. Term Life is temporary coverage (10–30 years) that provides pure protection at lower cost.

Some policies do, but many are simplified issue and require no exam. During your consultation, we’ll explain which option is best for your situation.

Debt counseling involves working with financial professionals to assess your financial situation and develop a plan to manage and eliminate debt. At Seven Baskets Financial, we provide personalized strategies to help you pay off debts efficiently while building a foundation for long-term financial stability.​

The Bible advises caution regarding debt, noting that "the borrower is slave to the lender" (Proverbs 22:7). In our debt counseling, we emphasize strategies to avoid unnecessary debt and develop plans to responsibly manage and eliminate existing debts, promoting financial freedom and peace.

No, debt counseling focuses on creating a tailored plan to manage and eliminate debt, often without taking on unnecessary debt. Debt consolidation typically involves combining multiple debts into a single loan, which may not address underlying financial habits.​

Engaging in debt counseling itself does not directly impact your credit score. However, implementing the strategies suggested, such as timely payments and reducing debt balances, can positively influence your credit over time.​

Credit repair companies typically dispute items on your credit report. Our focus is on budgeting, money flow, and payoff strategies to eliminate debt long-term.

We use proven methods like the Snowball (smallest balance first) or Avalanche (highest interest first), as well as our Debt Free Life (DFL) approach using whole life insurance cash value

We offer tiers starting at $97 for a Quick Start Session, up to $549 for a Full Transformation Plan. Each package includes personalized coaching, tools, and accountability.

We serve clients virtually across the U.S. via Zoom. Local in-person options may be available, but most clients prefer the convenience of online coaching.

The Debt Free Life program utilizes the cash value of a specialized whole life insurance policy to systematically pay off your debts. This approach allows you to eliminate debt while simultaneously building savings for retirement, without increasing your monthly expenses. ​

Unlike traditional methods that focus solely on paying down debt, the Debt Free Life program integrates debt elimination with wealth accumulation. By leveraging the cash value of a whole life policy, you can pay off debts and build tax-favored savings concurrently. ​

The program is designed for individuals who are consistently meeting their debt obligations and are looking for a more efficient strategy to become debt-free and build wealth. A consultation with our team can determine if this approach aligns with your financial goals.​

Every situation is different, but most clients start seeing clarity and progress after the very first session. Long-term freedom depends on debt size, income, and consistency.

IBC is a financial strategy that involves using a dividend-paying whole life insurance policy as a personal financing system. By overfunding the policy, you build cash value that can be borrowed against, for various needs, effectively becoming your own banker. ​

You can take loans against the cash value of your whole life policy. These loans are typically at favorable/ simple interest rates and do not require credit checks. While the loan is outstanding, the policy's cash value continues to grow, and the death benefit remains intact, adjusted for any unpaid loan balance. ​

Policy loans are generally not considered taxable income, provided the policy remains in force. However, if the policy lapses or is surrendered with an outstanding loan, there may be tax implications. It's advisable to consult with a tax professional regarding your specific situation.​

Unpaid policy loans accrue interest and can reduce the policy's cash value and death benefit. If the loan balance approaches the total cash value, the policy could lapse. Therefore, it's important to manage policy loans responsibly.​

A fixed annuity is a contract with an insurance company that guarantees a specified interest rate on your contributions for a predetermined period. It provides a predictable and stable income stream, making it a popular choice for retirement planning. ​

Fixed annuities offer a guaranteed interest rate and stable payments, while variable annuities' returns fluctuate based on the performance of underlying investments. Fixed annuities are generally preferred by those seeking predictable income without market risk.

Earnings in a fixed annuity grow tax-deferred, which means you don’t pay taxes until you take money out. When you withdraw funds or start receiving income payments, the earnings portion is taxed as ordinary income. If you annuitize the contract, your distributions are also generally taxed as income.​

Many fixed annuities allow for partial withdrawals, though this may be subject to surrender charges during the initial years of the contract. It's important to review the terms of your specific annuity contract.​

The 7 Baskets system is a holistic approach to money management developed by Seven Baskets Financial. It organizes your finances into seven distinct categories, each representing a specific financial goal or responsibility, to promote balanced and effective stewardship of your resources.​

Yes. The baskets can complement any budget. Many clients find it brings biblical alignment and greater accountability to their existing system.

Yes, the system is designed to be flexible and can be tailored to align with your unique financial situation, goals, and values. Our agents work with you to personalize the allocations and strategies within each basket.

By allocating funds into designated 'baskets,' you gain clarity and control over your finances. This structured approach helps ensure that all areas of your financial life are addressed, from daily expenses to long-term investments and charitable giving.

The 7 Baskets system is rooted in biblical teachings specifically the story of Joseph and (Genesis 47:24) that advocate for wise and purposeful allocation of resources. Each 'basket' represents a financial category that reflects principles such as providing for one's household (1 Timothy 5:8), saving for future needs (Proverbs 21:20), and giving to others (2 Corinthians 9:6-7). This framework helps individuals manage their finances in a balanced and God-honoring manner.

It removes the chaos of “one big account or ledger” and replaces it with structure. By knowing exactly where each dollar belongs, you gain clarity and discipline.

Yes, all our financial strategies and products

We begin with a comprehensive assessment of your financial situation, goals, and values. Based on this understanding, we develop a customized plan that may include debt management, wealth-building strategies, and insurance solutions tailored to your unique needs.

No. We are not licensed financial advisors and do not provide investment advice. We are a licensed insurance agency and offer faith-based education, coaching, and insurance solutions to help you steward finances according to biblical principles.

We combine biblical wisdom with practical strategies like budgeting, debt payoff plans, and insurance tools. Everything we do is about aligning money management with God’s Word.

Yes. All of our systems and services are rooted in Scripture, but presented in a way that is practical and easy to implement.

Our initial consultations are offered at no cost. During this meeting, we discuss your financial objectives and explore how our services can assist you. Any potential fees for ongoing services or specific programs will be transparently communicated during subsequent discussions.

At Seven Baskets Financial, we believe that all financial resources are entrusted to us by God, and we are called to be faithful stewards of these resources. Our approach emphasizes managing finances in a way that honors God and aligns with biblical teachings.

We integrate biblical principles by focusing on concepts such as stewardship, generosity, contentment, and prudent management. Our counseling encourages clients to recognize God's ownership, live within their means, avoid unnecessary debt, save for the future, and give generously, all in accordance with scriptural guidance.

Generosity is a cornerstone of biblical financial management. We encourage clients to give cheerfully and sacrificially, as taught in 2 Corinthians 9:6-7, supporting the work of the church and assisting those in need. This practice not only benefits others but also cultivates a spirit of gratitude and trust in God's provision.

It’s an online training covering budgeting, debt elimination, saving, giving, and biblical stewardship. It will be available soon—join our email list for launch updates.

We announce them via email, social media, and on our website. Most webinars are free and available on-demand afterward within the free community.

Yes. We host workshops, seminars, and group training sessions. These can be tailored to your organization’s needs.

You’ll be able to listen on Spotify, Apple Podcasts now! YouTube, once it launches.

No. While everything we teach is rooted in Scripture, the practical strategies can help anyone. Many non-Christians still benefit from the clarity and coaching.

Simply book a free consult through our website or sign up for a debt coaching package. We’ll help you take the next step toward freedom and stewardship.