Incentives to save and have a nest egg at the end of 20 years can take many forms.
Cash value life insurance, touted as an insurance/savings plan is more often sold than other forms of life insurance.
It can be borrowed against but the net returns are not as substantial as if term insurance were bought and the difference was invested. Read more: http://www.forbesplanning.com/term-vs-permanent.php
Being an owner-occupier of a home shines in comparison. Given one has to live somewhere, rent or not, ownership locks in the cost over the term of the mortgage. Landlords seem to neglect to pass this fixed expense on to tenants– rents go up. Meanwhile there are tax benefits and this investment can be borrowed against as well. Read more….