Insurance stocks are intriguing but often overlooked investments. These companies offer stable income and growth potential. Not only that, but their ability to weather economic downturns and protect against the erosive effect of inflation can make them an excellent addition to your portfolio.

Three insurance stocks to buy this month are Aflac (NYSE: AFL), Kinsale Capital (NYSE: KNSL), and Goosehead Insurance (NASDAQ: GSHD). These three companies provide exposure to different aspects of the industry and offer consistency and stellar growth potential. Here's why.

The pandemic sent shockwaves through the economy. Life insurers experienced a surge in pandemic-related claims, resulting in unprecedented payouts that put pressure on their bottom lines.

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Source Fool.com