Is Life Insurance Considered An Investment? 
Life Insurance comes in many forms and is constantly evolving , but the bottom line is that Life Insurance should not be considered an investment product . There are types of contracts that build inside cash through variable interest rates or dividend structures or separate accounts , but these are side benefits to the most important reason to have life insurance . Life insurance provides some measure of financial security to your loved ones should you die too soon . That is it 's most important job . Keep in mind as well that Life Insurance proceeds pass directly to your beneficiary . They can not be attached by creditors nor are the direct proceeds taxable . 