But most of these policies are being sold as an alternative to municipal bonds or other fixed-income investments.

Companies emphasizing value funds and fixed-income investments have done comparatively well.

Although these stocks trade on the major exchanges, they are in many respects fixed-income investments.

The total would be 65 percent of the portfolio, with an additional 35 percent in fixed-income investments.

When interest rates rise, the price of fixed-income investments, such as bonds, declines.

That could increase inflation and lower the value of fixed-income investments such as bonds.

In addition, declining interest rates are making fixed-income investments less attractive when compared with stocks, he said.

The market feared that economic growth would fuel inflation and reduce the value of fixed-income investments.

And many investors do not review their fixed-income investments for at least a year.

If you must stay in fixed-income investments, go to high-yield or corporate bonds.