Life insurance is not an investment at all. It's protection.
To be considered an investment, the product MUST have risk to your principle amount paid. That means even if you carry out the terms of the contract, you can still lose some or all of your principle and get nothing in return for it. The reason you would do this is to have the opportunity that the investment will go well and return MORE than you paid in.
Life insurance does not work that way. It can never legally be called an investment. One form of life insurance (Variable Life) has the cash accounts invested but the life insurance component of the product is still not an investment.
No investment will do what life insurance does for you. You should never confuse your life insurance needs with your investment needs.
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To be considered an investment, the product MUST have risk to your principle amount paid. That means even if you carry out the terms of the contract, you can still lose some or all of your principle and get nothing in return for it. The reason you would do this is to have the opportunity that the investment will go well and return MORE than you paid in.
Life insurance does not work that way. It can never legally be called an investment. One form of life insurance (Variable Life) has the cash accounts invested but the life insurance component of the product is still not an investment.
No investment will do what life insurance does for you. You should never confuse your life insurance needs with your investment needs.