What is Return Premium Term Life Insurance?

What is return premium term life insurance and how can i get my money back after the life insurance coverage ends?

Return premium term insurance is a temporary life insurance policy providing coverage for a set number of years, usually 10, 15, 20, or 30 years.

How it works is you pay a premium each year for a certain amount of life insurance, for a specific number of years.

If you are alive after your life insurance term expires, you would receive a portion of your premiums back. The insurance company keeps some of your premiums they charged as fees for maintaining your policy.

However, return of premium life insurance usually costs a lot more than regular term life insurance since you may get the money back.

Learn more about return premium term life insurance and how you can request your free life insurance quote comparisons online.

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