One advantage of whole life insurance, at least in the eyes of some, is it can be used as an investment vehicle in addition to providing the security of life insurance. (investopedia.com)
This helps those using permanent life insurance as an investment vehicle to accumulate savings which can grow in a tax - favored environment, preferably to be used in other wealth building strategies. (insuranceandestates.com)
If you are looking for a life insurance policy as an investment vehicle, you may want to consider a permanent life insurance policy, such as whole life insurance or universal life insurance. (trustedchoice.com)