Accumulative life insurance. What is it? For what purposes should it be used? And for what purposes is it completely unsuitable? I’ll try to answer these questions under the cover. Based on personal experience.I didn’t always understand the issue, but I learned the following after searching for information, particularly at https://investorjunkie.com/. You sign a contract with an insurance company, according to which they insure your life for a certain amount, which you pay in equal installments during the term of the contract. Risks of death diagnosis of a particularly dangerous disease or disability are covered. It would help if you separately mentioned such an option as the risk of disability, in case of which the program won’t end. Still, the insurance company itself will continue to pay the premiums for you. Check with your particular insurance company for a complete list of available options.