shopify analytics ecommerce

Return Of Premium Life Insurance

The return of premium life insurance policy is a term life policy that guarantees that at the end of the term period you will get back all of the money that you have paid in premiums.

Let us suppose you acquire a 20 year return of premium life policy. You maintain a level death benefit and you pay a level premium for the 20 year period.

The amount of premium you pay for this policy is more than you would pay for a regular level 20 year term policy.

Shop and compare Insurance Rates from 100's of the Top Carriers.

Get the Best Quotes possible. Save up to 70%. Click Here

Return Of Premium Life Insurance

It seems to me that the life insurance industry is going around in circles. If my memory serves me correctly the premiums for some modified whole life policies and some non participating whole life policies were just a little more than that of a 20 year term policy in some of the better life insurance companies.

It was argued then that the extra premium that would allow you to get back all you have paid in premiums was not worth it. Only term life insurance made sense.

Who is kidding whom? All this life insurance policy is is a not too low cost policy that will return your money in a guaranteed period. If you doubt this statement suggest to the actuaries that they create a return of premium life insurance policy which will last to age 100 and see how much different that is to the old non par term policies or modified life insurance policies...

Some insurance companies pushed the term policies about 20 years ago to get themselves into the inner circle of the huge life insurance companies. It worked pretty well but now they want to get back into the cash value insurance game.

They lock in the cash value until the end of the term period with the return of premium life insurance policies. This is a very clever move which will force the policy owner to keep the policy until the end of the term period in order to get back his or her money. Since term life insurance has always had a terrible retention rate this certainly should help.

I am a straight up kind of person and tell it like it is. Plain term life insurance is good life insurance. I am not too excited about this policy.
Buy a 5 year term, a 10 year term, a 20 year term or a 30 year term policy if term life insurance is your thing, and invest the difference in a mutual fund.

If you want a return of premium pay the extra and buy a universal life insurance policy, a variable universal life or even a whole life policy. You can still get a fairly inexpensive modified whole life policy. Why buy return of premium life insurance?

There is nothing more important than your family's security. What would happen to your family if you died? Would they be provided for? Compare Quality Quotes and Save up to 70%! The process is Fast, Easy and FREE. Click Here

Home Return Of Premium Life Insurance Life Insurance Buying Tips 15 Year Term 25 Year Term Affordable Life Insurance Best Term Life Insurance Quote Cheap Life Insurance Disability Insurance Quote Estate Planning Family Protection Financial Planning Financial Security How Much Life Insurance Increasing Premium Life Insurance Key Employee Life Insurance Life Insurance Buying Tips Life Insurance Online Life Insurance Policies Life Insurance Settlement Long Term Care Insurance Mortgage Life Insurance No Load Life Insurance Nonforfeiture Values Retirement Planning

Copyright © 2004 - 2019 LifeInsuranceHub.Net. All Rights Reserved.

Protect Your Family With Up To $1,000,000 No Exam Term Life Insurance

Tools And Resources

Life Insurance Need Calculator

Recent Articles

  1. Affordable Life Insurance - Term And Permanent Life Insurance

    The amount of spendable income an individual has helps determine what is affordable life insurance.

    Read More

  2. Personal Life Insurance - Present And Future Needs

    You have been hounded by life insurance agents from your senior years in college. You just didn't see the need to buy personal life insurance.

    Read More

  3. Term Life Insurance With No Medical - Non Medical Term Insurance

    Some people don't understand how you can buy term life insurance with no medical required. They are under this illusion that in order to issue such policies the premiums have to be higher than the nor

    Read More

  4. Term Life Insurance No Exam - Term Insurance No Medical Exam

    Term life insurance no exam necessary. These days, it appears that, everyone wants to buy term life insurance.

    Read More

  5. Best Term Life Insurance - Best Term Insurance Coverage

    Finding the best term life insurance policy can be a very tedious exercise. What really is the best? It is important to make a decision as to why this life insurance is needed in the first place. We t…

    Read More