Life insurance? high interest investments?

how do people make money off of life insurance? does anyone know of any high interest, cds, iras or other investments

Q: How do you make money off of life insurance?
A: You don't make any money off of life insurance. Your beneficiary will make money if you die. Now, if your life insurance has cash value in it, your life insurance will earn some interest, but not much because in first two years, no cash value is accumulated. Average interest rate on cash value is between 0-3%. If you ever wanted to use the cash value, you have to borrow it. This cash value becomes a loan when you borrow it and you will have to pay it back. If you don't and you die, your death benefit is reduced by the amount of money you borrowed and any interest you owe. In any case, people do not make money off of life insurance. They either have to die or they have to borrow it.

Q: Does anyone know of any high interest cds, IRAs, or other investments?
A: CD's historically earn only 3 to 6% interest.
IRAs is a retirement account that needs to be funded by either mutual funds, bonds, or a mixture of both. How it performs is base on what funds you pick and how you invest your money. IRAs are the best way to fund your retirement
Mutual funds have historically have an average rate of return anywhere between 5-14% in the past 25 years. All mutual funds are operated differently and have different objectivies.
Real estate historically have an average rate of return of 5-8%.

I don't know what your investment objective are, but having an IRA is a great way to save toward retirement. Its even better if you put money into it each month because this lowers the cost per share over the long run.

Whole life, universal life, and variable life steals your cash value when you die. And if you want to use it, you have to borrow it and owe 5-8% interest on it!

Buy Term And invest the difference into Traditional/Roth IRA, both grow tax-deferred and have higher rate of return than cash value Report It

Life insurance is not an investment. In most states (US) it's against the law to imply that it's an investment.

If you're a US citizen here's some banks with high rate insured saving and CD's;
www.GMACBank.com
www.HSBCDirect.com
www.INGDirect.com

Life Insurance can be used to leave your heirs tax free money. Or, you can pay high premiums into a whole life policy that will yeild you a good return if you decide to cash out in many years. Depends on what your goals are. If you are looking for a higher interest rate than banks and like the safety of not being in the stock market then look into fixed annuities. This is a savings with an insurance co instead of a bank. The rate is usually higher than banks can offer, but avoids probate, like life insurance. The company I work for offers 7% right now.