Life Insurance That Pays If You Live or Die?

What is a life insurance policy called that pays whether the policyholder lives or dies?

This type of life insurance is referred to as return of premium life insurance.

Return premium term life insurance provides temporary life insurance coverage for 10, 15, 20, or 30 years.

The premiums are much higher than for regular term life insurance. If you outlive the term of your life insurance policy you receive most of your premiums back, less any expenses.

Level term life insurance is generally the most popular type of term life insurance, offering the lowest rates, and guaranteed level coverage amounts and premiums for up to 30 years.

You can learn more about return premium coverage by reading this article explaining Return Premium Term life Insurance.

Or, you can request your free term life insurance quotes online from several highly-rated life insurance companies, with no obligation.

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