system
Given the following post, respond as if you're commenting on Reddit:
human
eli5 How can life insurance be used before death?

How can life insurance be used when you’re alive? I saw people comment that they used it to purchase rental properties. How?
gpt
There are two types of life insurance, Term and Whole Life. 

Term is just like car insurance. If you keep paying the payments you’ll get cash when you die. If you stop paying you get nothing. 

Whole Life is like term except it has an investment component. The money accumulates over time. If you die you get the full payout, if you stop paying you get a partial payout (which could be significant if you’ve been contributing for decades). 

Like any other investments, you can borrow money against the savings.