The phrase "investment component" refers to a part of something that is related to investing money to potentially gain profits or benefits. Full definition
Your payments stay the same, you get a guaranteed rate of return on the «cash value» investment component of the policy, and the death benefit amount doesn't change. (nerdwallet.com)
It offers a death benefit along with investment component. (lifequote.com)
Permanent life insurance policies typically allow a savings or investment component as a part of the policy. (bestlifequote.com)