What is a Life Insurance Policy Called When It Pays Whether the Policy Holder Lives or Dies?

What is life insurance called that pays when a person lives or dies?

There is Return Premium Term life Insurance that pays a death benefit to your beneficiary if you die during the term of your life insurance policy.

And, if you outlive the term of your policy, you may receive most of the premiums you have paid, less any expenses for the policy.

However, return of premium life insurance plans are usually much more expensive than regular term life insurance coverage.

Here's how you can learn more about Return Premium Term Life Insurance.

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