The one stands out and given by multiple of professional or so-called professional is to buy a "Whole Life Insurance" as an investment vehicle plus life insurance coverage vs. a "Term Life Insurance" policy.

Just do some calculations of the future value (Excel formula FV) in 20 years of the estimated monthly premium cost for a $1 million Whole Life Insurance vs. a 20 year Term Life Insurance (for the rate of return, you may assume 8%, in some estimates the long term retun of the stock market if you invest that money in Index Mutual Funds.)

You'll be SHOCKED!

Edit: Based on my personal research, I personally believe that a "Term Life Insurance" in the amount of 10 times your annual income for a term of 20 years is the good one, a coverage until your children are out of college and on their own. For a healthy 35-year-old, $1 million coverage may cost just $50/month.