Certain insurance companies develop policies to compete against CDs by offering the benefits of a life insurance policy along with the security and liquidity of a CD. These policies are paid for with a single premium (one time payment) that is fully liquid and accessible on day one. The cash in the policies is 100% protected against loss and the policies offer between 4%-10% stock market participation every year. In addition to these security and growth benefits, they offer a death benefit that is larger than the single premium paid (size determined by age and health), and the ability to accelerate this death benefit to pay for the cost of chronic illness care should the need arise.
This strategy can offer up to 5x more growth over a 5 year period with the same security and better liquidity than a CD.
The TADA team works closely with several of the top rated (AAA) companies and are familiar with the application process. Often, an application can be submitted and approval can be granted within 24 hours.