Which insurance policy type usually includes a savings component?

Whole life insurance is the correct choice because it is designed not only to provide a death benefit but also to accumulate cash value over time, which acts as a savings component. This cash value can grow at a guaranteed rate, and policyholders can access it through loans or withdrawals, providing a financial resource during their lifetime.

In contrast, term life insurance offers coverage for a specified term and does not build cash value; it solely pays a death benefit if the insured passes away during that term. Auto insurance and health insurance are types of coverage that protect against loss or medical expenses, respectively, but they do not include any sort of savings or investment feature. Thus, whole life insurance stands out as the option that combines insurance protection with a savings aspect.