Notifications from Aflac

We care about Aflac’s policyholders affected by the recent weather:

To help provide relief for California policyholders residing in Santa Cruz County who were affected by the coastal storms, Aflac will provide a premium grace period starting Dec. 23, 2024, and ending Apr. 15, 2025. This grace period also provides an extension of filing deadlines for claims and leniency for any other action required under the policy. Aflac will provide a replacement copy of the policy upon request by the policyholder.

For Network Dental and Vision Members:

This grace period also provides an extension of filing deadlines for claims; relaxation of prior authorization, precertification, and referral requirements; access to appropriate out-of-network providers due to unavailability on in-network providers or the members’ displacement; and leniency for any other action required under the certificate. A replacement copy of the certificate will be provided upon request by the certificate holder. Affected members should contact Aflac Benefit Solutions (formerly Argus Dental and Vision) at 855-819-1873, Option 1, for assistance.


We care about Aflac’s policyholders affected by the recent wildfires:

To help provide relief for California policyholders residing in Los Angeles and Ventura Counties affected by the wildfires, Aflac will provide a premium grace period starting Jan. 7, 2025, and ending Mar. 10, 2025. This grace period also provides an extension of filing deadlines for claims and leniency for any other action required under the policy. Aflac will provide a replacement copy of the policy upon request by the policyholder.

For Network Dental and Vision Members:

This grace period also provides an extension of filing deadlines for claims; relaxation of prior authorization, precertification, and referral requirements; access to appropriate out-of-network providers due to unavailability on in-network providers or the members’ displacement; and leniency for any other action required under the certificate. A replacement copy of the certificate will be provided upon request by the certificate holder. Affected members should contact Aflac Benefit Solutions (formerly Argus Dental and Vision) at 855-819-1873, Option 1, for assistance.


New messages from Aflac | View Notifications opens a dialog Close X dismisses the notification alert

How to Use Life Insurance as an Investment

Everyone buys life insurance with different goals in mind. Mapping out these goals ahead of time can help you narrow down which  type of life insurance is right for you and which benefits you are looking for.

If you are hoping to establish financial security for your loved ones after you pass, investing in some type of life insurance is worth it. You can support your living financial goals with a life insurance investment using the cash value component – these policies are not just limited to helping protect your family after you're gone. Read on to learn how a life insurance investment works and some types of policies that let you leverage cash value.

4 Min Read

Types of Life Insurance Investments

Some types of life insurance policies you can use as an investment include: 

Whole life insurance

Whole life insurance is a type of permanent policy that lasts the entire life of the policyholder. Aflac’s whole life insurance provides whole life coverage and offers the policyholder the ability to accumulate cash value in a tax-deferred account.2

In some cases, you may be able to borrow against this value in the form of a loan. This value grows at a higher rate because taxes aren’t taken out, giving you greater borrowing potential.3

Universal life insurance

Universal life insurance is a permanent plan that gives you flexibility. You can increase or reduce your premiums, cash value, and death benefit as needed.

Variable universal life insurance

With this type of permanent life insurance plan, you can invest your cash value into different kinds of funds and indexes of your choosing.4 Like universal life insurance, you can adjust your premiums and death benefit.

Indexed universal life insurance

Indexed universal life insurance also allows you to invest the cash value component, which can grow based on stock performance. This type of plan offers flexible coverage that will last your lifetime.

Is a life insurance investment worth it?

Using life insurance as an investment can be worth it if you want added financial security for you and your family. The cash value component can give you access to funds as needed, whether you want to withdraw funds, take out a policy loan, or supplement your retirement income. Compare types of permanent life insurance policies and the coverage they offer to decide whether a life insurance investment is worth it for you.

How a life insurance investment works

Life insurance with cash value can be used as an investment tool. As you pay premiums, a portion goes toward your cash value, which will grow over time. Once you’ve built up enough cash value, you can access it in several ways, including getting a policy loan and withdrawing funds. Permanent life insurance policies like whole and universal life insurance offer cash value that can make them useful investment tools.

Ways to use life insurance as an investment

Here are some ways you can leverage your life insurance policy’s cash value while you’re still alive:

Get a life insurance policy loan

Once you have sufficient cash value, you can get a loan from your life insurance policy using the cash value as collateral. With a policy loan, you can pay back what you owe at your own pace. But if the loan amount exceeds your cash value, your policy may lapse.

Withdraw funds from your policy

The cash value component also allows you to withdraw funds from your life insurance policy. You can use these funds to cover any expenses. Keep in mind that withdrawing from your cash value will reduce the death benefit.

Supplement your retirement income

If you save up enough cash value, you can add it to your retirement portfolio and use the funds to supplement retirement income. Consider growing your cash value for several years before tapping into the funds to grow your nest egg.

Aflac duck with wings out

Peace of mind doesn't have to break the bank

Don’t wait until it’s too late. Help cover yourself and your family with coverage from Aflac.

Get Started

Pros and Cons of a Life Insurance Investment

Here are some pros and cons of a life insurance investment so you can decide whether investing in a policy is worth it:

Pros of a life insurance investment:

  • The cash value can act as a stream of income during retirement. This can be particularly appealing if you want extra funds to rely on.
  • Your cash value grows tax-deferred. This means you don’t need to pay taxes on the funds as they grow in the account.
  • Accessing the cash value in the form of a loan or partial withdrawal can be useful if you need help paying for a large expense, like a mortgage or a college education.

Cons of a life insurance investment:

  • Some plans can be pricier than others. Compare policy quotes to decide which option may be the best fit for your budget.
  • If you don’t choose the right type of life insurance policy, you may end up getting more coverage than you need and paying more for premiums. Clarifying how much permanent life insurance coverage you need can help prevent this from happening.6

Get a Quote for Aflac Life Insurance

Investing in a permanent life insurance policy can allow you to access the cash value in several ways based on your preferences and financial needs. If a life insurance investment sounds appealing to you, we recommend chatting with an agent and learning about your options. Our plans are portable, and you may be able to convert an existing term life insurance policy to a permanent one. Learn more and get a quote today.

Get Started

Learn more about Aflac products for Individuals & Families: