Put your lazy money to work. Make it work harder for you so you don’t have to work quite as hard. 

Lazy Money vs. Money That Serves a Purpose 

Even if you have a plan that covers your income sufficiently and includes both low-volatility investments as well as longer-term investments, it is still a good idea to have readily available funds. You need cash in the bank that is set aside for a specific reason, such as a goal or emergency fund. It may not be earning much, but it is set aside for a purpose. That is different from lazy money because it serves an objective for you. 

Put Your Lazy Money to Work 

There is a lot of lazy money out there. Currently, $5.5 trillion is sitting in cash, bank accounts, money markets, and CDs earning little to nothing. That is a very high number compared to pre-pandemic. If you are part of this number, and your investments and emergency fund are taken care of, you could take advantage of a new life insurance product. 

A past problem with using life insurance products for this purpose is that funds were not immediately liquid, and you had to wait a few years to pull cash value out. Now, this new product allows immediate liquidity with 100% penalty-free withdrawals. 

If you qualify, it can help you put your lazy money to work for you. 

Example: 

If $100k is put into that policy, the death benefit from that would total $180k. If death benefits are the primary concern, you might consider a different product. However, if that $100k is lazy money, you can put that into the policy to have it working harder for you. 

That $100k will be allocated to different index options. You can choose to invest it in a fixed account that guarantees 2.5%, an S&P 500 account that is capped at a certain rate, or a different index that is a blend of asset classes. The participation rate could change yearly, but you will not lose anything. An additional feature can be added to offset drops in the index over time. 

The Difference it Makes 

Compare lazy money in the bank that earns only .1% on $100k. After ten years, that equals $1,000 in earnings for a total of $110k. In contrast, if it averages 3% per year in this type of life insurance, it will total over $134k after ten years. That lazy money is now working harder and earning you more. 

Don’t leave cash on the sidelines. See if this product might be a fit and put lazy money to work for you. Give us a call at 844-CARLSON (844-227-5766), mention this video, and set up a time to speak with an advisor today. 

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