Is Insurance An Investment Product. Life insurance is not an investment. Any product with an investment component that is not an insured deposit is subject to the interagency statement.
This is not a savings or fixed deposit account, or a pure protection insurance product. A contract of insurance which offers a maturity or surrender value and where that maturity or surrender value is wholly or partially exposed, directly or indirectly, to market fluctuations, and does not include: Business health, protection and wellbeing.