Which insurance product is associated with investment and has a cash value component?

Whole life insurance is associated with investment and has a cash value component. This type of policy provides both a death benefit and a savings component, which accumulates cash value over time. Policyholders can access this cash value during their lifetime through loans or withdrawals, making it a financial tool that not only offers protection but also serves as an investment vehicle.

In contrast, term life insurance is designed solely for providing death benefit protection over a specific term and does not accumulate cash value. Disability insurance focuses on providing income in case of a disability and also lacks an investment component. Health insurance is primarily aimed at covering medical expenses and is not associated with cash value or investment growth.