One of the Prudent Investor Rules is:
If it looks too good to be true it probably is not true.
If you see an offer, especially a brightly colored one saying you could
have a much higher rate of return than the currently available 1% or so
at local banks then you might take notice. You may even look into it.
There is no free lunch. Insurance companies do, at times, offer one
year rates to lure investors in. Usually the plan includes 5 to 10 years
of a surrender charge to keep you in the plan and on the fixed account
side a rate of return consistent with what the insurance company would
like to pay for years 2-10 or whatever the time frame.
Some claims are made for 7% (or more) rates for X years but most of
the time that rate is only on the income you take out of an insurance
product, not on the account balance. If they show you a chart with 7%
growth of the account balance that may be misleading!
My suggestion to you is if you feel tempted by one of these ploys then
get a second opinion, from a seasoned investment professional and
not one that makes a living from selling the same kind of product. For
instance: if you want information on Ford cars I would not go to a
Chevy dealer but a general broker instead.