Return of premium term life insurance is the only
type of term life insurance in which you get a refund of your paid premiums if you do not die during the term.
These policies will always be more expensive on a month to month basis than any
other type of term life insurance policy simply because your premiums get returned in the end.
Return premium life insurance is a new
type of term life insurance plan that provides both a death benefit and a return of premium feature within the same life insurance policy.
Return of premium life insurance is a relatively
new type of term life insurance policy that provides both death benefit protection and a return of premium insurance feature.
Return of premium term life insurance is the
only type of term life insurance in which you get a refund of your paid premiums if you do not die during the term.
[x] Type of term life insurance policy which can be converted into a permanent life insurance policy.
While level term life insurance is generally better for most situations, there is no one
particular type of term life insurance that is going to serve your financial interests all of the time.
Return premium term life insurance is a
new type of term life insurance policy that provides both a death benefit and a return of premium feature within the same policy.
As you can see, there is a quite a bit of variation when insurance companies have age cut - off points where
certain types of term life insurance policies will no longer be sold after you reach a designated age.
Compare this to annual renewable life insurance, a more
complicated type of term life insurance that offers a low premium in the first year of the policy, but increases every following year in the term.
There are renewable and
non-renewable types of a term life insurance — from the name itself, renewable policies enable the customer to automatically re-qualify and continue to use the policy even after the original term is finished.
If you're worried about how the results of a medical exam would impact your chances of getting approved for a policy, consider the
following types of term life insurance policies with no medical exam.