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Annuity Alternative | ||||
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Life Insurance Home > Annuity Alternative
Tell Your Bank Where to StickTheir CD Rates!
I hate my bank..and you should too! Have you seen your bank's interest rates lately? Pathetic, right? Right in your own community lies the biggest thief, your bank. Today's bank is a giant cash cow.....not for you, but for the fat cats sitting in the corner office. How do I know? Just take a look at the interest rates being offered on certificates of deposit at your bank....unbelievable. It gets worse...before it gets better. Banks have been losing money to annuities because annuities pay higher interest rates than your CD does. The banks have watched as customers moved their CD money out the door and into an annuity. So you would think that your bank might......raise their interest rates?? WRONG! CD or Annuity Alternative Quote Request
When it comes to making money, the wall street fat cats don't miss too many tricks, and this is the best one yet....for them of course. Somewhere in the ivory tower, a banker figured out that instead of raising interest rates to compete with annuities, the bank would sell you annuities instead! Even better.....for your bank...is the fact that they will earn a nice commission in the 3-9% range for selling you an annuity. The bank has it all figured out. When interest rates are low, they will sell you an annuity and earn a nice commission. When rates rise in the future, they will entice you with better CD rates. The bank wins and you lose....but it doesn't need to be this way. Forget the banks, forget annuities, and forget about a CD....there is something else available that may better suit your needs. It's called a single premium life insurance policy and it may be just what you are looking for. Single premium life insurance has been around for a long time, it just wasn't as exciting to agents and consumers when annuities were paying big bucks...but times have changed. If you have money that you are looking to pass on to a child or grandchild someday...and you don't need this money for your personal expenses, etc...a single premium life insurance policy provides a way to pass money to your heirs on a tax free basis through the use of a life insurance policy. You make a one time premium into the life policy. The single premium creates a death benefit larger than the premium you paid. When you die, the the death benefits pass tax free to your heirs. It sounds to good to be true???? It's not. Single premium life insurance has been around for a long time. In the current interest rate environment, single premium life insurance provides a great alternative to annuities, CD's, or lousy bank interest rates. While single premium life insurance isn't for everyone, it may be a nice alternative for you. It is at least worth a look. Find out for yourself if this is right for you:
Get a FREE CD or Annuity Alternative Quote Request
At LifeInsuranceAdvisors there is Never any pressure or obligation with our service. We'll give you the information you need to make an informed decision about your life insurance. Get a Free CD or Annuity Alternative Quote Request OR Call us today at Toll Free (800) 909-2040 Thank you.
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