Return of Life Insurance Premiums
wrote an interesting post today on
Here’s a quick excerpt
If you want to secure a term life insurance policy to provide for beneficiaries but you are confident you’ll live longer than the duration of the policy, there are more options than you may realize to receive a return of premiums. Under term life insurance, if death benefits have not been paid by the end of a term, you can get back all your premiums. Traditionally, you’ll buy a coverage term, for a term of perhaps 15, 20, or 30 years, and then pay a fixed price. If you outlive the length of t
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