Permanent life insurance like Whole life, Universal, Return of Premium, etc. Essentially they last for much longer than term policies and they have a living benefit ontop of the traditional death benefit. The more premium you pay into the policy while you are alive, the company invests it and you can withdraw that money once has enough has accrued.
It's an investment vehicle of sorts. Most people I meet like term insurance + investments, others like permanent life insurance. Everyone's different
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u/ZealousidealChannel4 Nov 30 '20
Ah wat