Permanent life insurance can be a good investment for some people, but it depends on your individual circumstances and financial goals. Permanent life insurance provides a death benefit to your beneficiaries, as well as a cash value component that can be accessed during your lifetime. The cash value component grows tax-deferred, and you can borrow against it or withdraw the funds without triggering a taxable event. However, permanent life insurance policies can be expensive, and the cash value growth may not keep pace with other investment options. It's important to carefully consider your financial needs and goals before investing in permanent life insurance. Consulting with a financial advisor can help you determine if permanent life insurance is the right investment for you.