Life Insurance with this option known as whole life is perfect for people who are not very comfortable with taking a life insurance coverage. You can pretend to be doing an investment with a life coverage bonus.
It works like this. Your premium is like an investment that earns interest for the insured. You can actually make withdrawals (while alive) with this type of coverage.
There are a number of variations I have come across. Because as competitions hot up, insurance companies look for new things to add to make people more interested in taking up their policies.
Since many people run from taking life coverages since they feel like they are saying they ready to die, an investment with life coverage is a nice excuse to take up this much needed policy.
If you are considering this like you should be if you do not already have one, all you need do is get in touch with a number of insurance companies and get detailed information from them. Ask for the different life insurance coverages they offer and what each entails.
To really know what to do, you would need to compare several companies so you can have options.
Your best bet though, is to get quotes from insurance quote sites as they put third party information before you. You are able to compare amongst up to eight insurers at once. This saves you a lot of time and ensures you have enough information with which to make a decision.
Get quotes from these reputable quote sites.