Whole Life Insurance
Whole life insurance covers you for your entire life and builds a 'cash value' savings component alongside the death benefit. Premiums are far higher than term insurance because part of each one funds that cash value, which grows slowly at a modest guaranteed rate.
It's often oversold as an investment. For most families, cheaper term insurance plus investing the difference in low-cost funds builds more wealth. Whole life can make sense for specific estate-planning or lifelong-dependent situations — decide with a fee-only advisor, not a commissioned salesperson.