Home  Return of Premium Term Life Insurance

Return of Premium Term Life Insurance

We all have to go sometime; that’s the way of the world. But return of premium term life insurance policies don’t require the purchaser to “make a bet against him, or herself,” as some might scoff at other policies. A return of premium term life insurance policy rewards the holder for staying alive.

Take Your First Step Towards Affordable Life Insurance!

So how does that work? If, for example, after a period of 30 years of paying in to your policy, you would receive that money back at the expiration of your return of premium term life insurance policy. It can add up to a big lump of cash, and it’s tax-free - if you’re still alive to receive it, that is. But if something unfortunate were to befall you during the duration of your policy, your beneficiaries would collect in much the same way as they would if protected under a more conventional policy.

But the added bonus comes with an added cost; most of these policies cost 25 to 50 percent more a year than a regular one would. That extra amount is invested by the insurer, to be paid back to the owner of the policy when it expires. Is it worth the extra investment for the possibility of a pay out in the end? Many consumers say so, although some experts are skeptical of return of premium term life insurance. If you cancel the policy before it ends, your refund will be small, or there will be no refund at all.

There’s no doubt, however, that it’s one of the hottest options on the market. Is it the right choice for you? Each situation is different, but AccuQuote can help you assess your needs and provide you with unbiased information and advice to help you make your plan. Since 1986, we’ve been helping people like you find the best value possible and making the insurance buying process as easy as possible.

Start Now! Call Us or Submit a Quote Online!
Give AccuQuote a call today at (800) 442-9899, and let us help you quickly and easily find the best values without ever leaving your home or office. Or, fill out our free life insurance quote request form