Return of premium life insurance
We’ve been seeing an increase in return of premium life insurance quotes again. This is an interesting life insurance product.
If you’re not aware of it, it overcomes one of the objections to term life insurance which is the pure cost (no return) of term life insurance.
If you keep the return of premium policy you get all the premium you paid in back to you at the end of the term period. That’s the good news. The bad news is if you don’t keep it, you overpaid for your term life insurance. Not a bad deal – if you keep it.
