Insurance is a risk mitigation tool and not an investment tool. This is the fundamental attribute of the product which cannot or should not be altered. This is more an accessory and not the core item of anyone’s portfolio. At the same time, it plays a vital role in not disestablishing your wealth plan should some unforeseen circumstances happen during one’s lifetime trying to hijack your financial freedom. This has a more pronounced effect when the objective of savings in a particular goal is meant for children or retirement savings. So insurance is an integral part of a wealth plan but not your main source of wealth creation.