Cash Value Term Life?

Is there a Term Life policy that builds cash value? I heard thee is one with a great interest rate thats guarenteed? Sounds too good to be true.

Yes. But average clients cannot take it out. It's offered by only a few carriers, and is only available inside of a 412i plan. Just like your other question about tax deductions for life insurance premiums. It's the insurance companies way of trying to get around all of the pressure about whole life & 412i plans. Too bad clients can't buy it. Some rates on those Term policies are over 5%. Most carriers won't advertise it, because they don't want people to complain that it's only for wealthy business owners who put in at least 100K a year into those plans.

I don't believe so, that's why it's term.

No. Closest thing there is, is a return of premium term life - but it's much, much more expensive than straight term.

Any policy that's not straight insurance is going to cost a lot more. True term coverage is cheapest, because it's pure insurance. Any time you're adding an "investment" or "savings" component to it, you're multiplying the cost.

Run the numbers. It's cheaper to buy term and invest the difference.

The only thing that EVER guarantees interest rates, are certificates of deposit from a bank.

There are a few companies that offer a return of premium term that builds up cash value that you can borrow. I would not recommend it though.

Depending who you sell ROP term to, it is not that expensive. Actually ROP is an advantage for this select group.

You can get guaranteed interest rates a product other than certificates of deposits.