Reference and Education: What Are The Advantages of Term Life ...

Term life insurance with return of premium is a special type of life insurance. You must request this feature from your insurance company. Some companies offer a rider, a change in the basic policy, which allows policy resulted in an accumulated cash value during the policy period but remain with the company and is not available for policy holders.

Cash value of the policy term held by insurance companies. When the policy term ends, policy holders receive a refund of all premium payments they make are determined plus interest at the rate selected by the policy holder at the start of the policy. The benefit of this type of life insurance is that term life insurance premiums are not wasted. You receive the benefits of the life insurance quotes. You also get back all that has been paid into the policy. Refunds can then be used to purchase another policy or can be used to invest in other financial products. Losses from the return of premium term are that the premiums are usually at least twice the cost of regular life insurance policy. In addition, the interests paid on the earnings premiums are often lower than what is available in alternative investments like bank CDs or money market accounts.

Source: http://gutcheckthisamerica.blogspot.com/2012/09/what-are-advantages-of-term-life.html

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