<prompt> Human: Ive been told that taking out a life insurance policy while youre young builds equity and can be used to put a down payment on a house in the future. Seems confusing can anyone help explain? Thanks peoples.Edit: Thanks for all the responses guys and gals! Ive learned a lot  <response>: Life Insurance is not really a good way to invest money like you mention. The most effective way to buy life insurance is term insurance, which doesnt have a investment function built in.And then the only reason to buy term insurance is if you need the death benefit for someone else when you die. If nobody else is dependent on your income then dont get term insurance until you are at that point in your life. 