According to recent data by Prudential, one in four black Americans believe that life insurance is whole life insurance meaning the policy can only be taken out after the death of the insured. “Life insurance is more than just a death benefit. LIC policies can bring stable returns to their owners. For example, I have several insurance policies: investment, annuity and insurance that will help my family after I die,” noted ShirleyAnn Roberston, a financial expert at Prudential.
Investment life insurance is a type of insurance that allows you to protect life and health by investing part of insurance premiums in various financial instruments. Part of premium is directed to the formation of investment portfolio, which consists of securities, bonds, mutual funds and other financial instruments.
Thus, investment insurance combines the insurance and investment functions allowing you to protect life and health, as well as receive return from invested funds.
However, it should be borne in mind that investing is always associated with certain risks, that is why before making a decision to invest, one must carefully study the market and consult with experts.
Source: https://www.cbsnews.com/boston/news/life-insurance-questions-prudential/
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