life insurance investments
life insurance? interest investments?
How do people make money with life insurance? Does anyone know of any interest, CDs, IRAs or other investments
Q: How to make money from life insurance? A: You do not make money from life insurance. The beneficiary will make money if you dies. Now if your life insurance has cash value in it, your life insurance earns some interest, but not much, because in the first two years, does not accumulate cash value. Average interest rate on the 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 and you will have to repay the money. If not and you die, your death benefit is reduced by the amount of money borrowed and interest owed. In any case, people do not make money from life insurance. These have to die or have to borrow it. Q: Does anyone know of any high-CDs interest, IRAs or other investments? A: CD's, historically earn 3 to 6% interest. IRA is a retirement account to be financed by either mutual funds, bonds, or a mixture of both. What is done is the basis of what funds to choose and how to invest your money. IRAs are the best way to finance your retirement Mutual funds have historically average rate of return anywhere between 5-14% in the last 25 years. All mutual funds are operated in a manner different and have different objectivies. Real estate has historically average rate of return of 5-8%. I do not know what your investment objective is, but having a IRA is a great way to save for retirement. Its better if you put money in every month, because this reduces the cost per share over the long term.
