The premiums for a return premium term life plan are usually much higher than for
a regular level term life insurance policy, since the insurer needs to make money by using the premiums as an interest free loan, rather than as a non-returnable premium.
The premiums for a return premium term life plan are usually higher than for
a regular level term life insurance policy, since the insurer needs to make money by using your premiums as an interest free loan, rather than as a non-returnable premium.
Not exact matches
As with a
regular term life insurance policy, the premiums you pay are guaranteed to stay
level for the entire
term of your
policy.
While some companies offer a dedicated Return of Premium
life insurance policy, others will include it as part of the company's
life insurance riders on a
regular level term policy.
As with a
regular term life insurance policy, the premiums you pay are guaranteed to stay
level for the entire
term of your
policy.
Unlike
regular term life insurance policies, Return of Premium
term life insurance rewards you for
living by offering a guaranteed return of most of the premiums paid on the
policy during the
level term of the
policy.
Unlike
regular term policies, return of premium
term life insurance rewards you for keeping the
policy by giving a guaranteed return of your total cumulative premium paid on the
policy during the
level term period, not including substandard (extra charges for health) and rider charges (extra benefits such as disability coverage), if any, which will be paid to the
policy owner at the end of the
level term period if the
policy is then in force.