As an investor you want to be sure you enter a growth market and exit a shrinking market.  While I cannot say that investing in insurance companies is either a good idea or a bad idea, what I will say is that the entire field of insurance has been greatly affected by Obamacare.  Many health insurers incurred deep losses because they effectively were forced to support an untested marketplace.  They had to underwrite those losses through profits they made in other areas of insurance.  In effect, Obamacare may have raised the cost of non-health insurance in some places, although I am not aware of any studies testing this hypothesis.

Insurance companies are supposed to be our friends, are they not? And yet everyone loves to hate the insurance industry. That is because many insurance companies have investment portfolios that run into the billions of dollars. Why do they need so much money if they are trying to help everyone?

If you follow any of the big financial experts who are featured on TV and radio, you have undoubtedly heard them pontificate about life insurance at one time or another. Dave Ramsey, Suze Ormon, and others have all gotten rich off of selling you books and "programs" and financial coaching, etc. They all tell people who ask them for advice about life insurance the same thing: "DO NOT INVEST IN LIFE INSURANCE".