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In India there is a product called UNIT LINKED INSURANCE PLAN. Here a part of the investment goes towards mutual funds to increase your financial assets in the long run and part goes to the premium to secure your life.
Now If I die my family is protected and if i live I get the benifit of the mutual fund.
There are other with profit PARTICIPATING LIFE INSURANCE POLICIES WHERE THE RETURNS ARE HIGH , considering you create the big asset in instalments , and if I die in between the asset is provided lump sum to my family.
It is always prudent to go for the double accident and disablity benifit so that if I am crippled in an accident which is worse than death ( as I am not earning but my family has to bear the medical expenses)my expenses are covered and I am dependent on one if God forbid that eventuality does happen.
