Equity-indexed life insurance is a type of permanent life insurance and an investment product for people who enjoy risk and are looking to hedge against inflation. The insured can borrow from the cash value, invest it in a variety of assets or use this as collateral on loans. It has the potential for higher returns on premiums paid than traditional policies because it also includes stock market investments.
This option may be best suited for those already self-investing because managing these investments requires additional time and effort beyond what other types of permanent life insurance policies require which could make them difficult to manage by themselves without outside assistance.