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Five perks of purchasing an investment insurance policy are named

Investment life insurance (ILI) is a safe investment. The product is suitable for those who want to try investing but are afraid of losing money. ILI gives you the opportunity to try your hand at investing in order to receive additional income and, in case of failure, to retain your investments in full; that is, invest money without the risk of losing it. Also, during the term of the contract, the client’s life is insured.
Five perks of purchasing an investment insurance policy are named

First advantage

An investment insurance policy provides protection against risks and offers the opportunity to invest money in various financial instruments such as stocks, bonds or funds.

Second advantage

In many countries, purchasing an investment insurance policy provides tax benefits. For example, contributions are exempt from income tax, and tax deductions are also possible when making a profit.

Third advantage

Investment insurance policies often provide flexible terms for withdrawing or borrowing funds as needed.

Fourth advantage

In the event of the policyholder's death, the investment insurance policy provides a payout to beneficiaries, which can help provide financial stability and security for their future.

Fifth advantage

Investment insurance policies typically offer a wide range of investment options allowing you to diversify your portfolio and reduce investment risk.

Source: https://www.etnownews.com/personal-finance/ulip-plans-policy-insurance-investment-benefits-death-coverage-return-unit-linked-insurance-plan-meaning-full-form-taxation-tax-benefit-article-107166354

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