Free life insurance!!
January 26th, 2007
Wouldn’t it be great if you could just use life insurance during those years you need it and it you didn’t die, it wouldn’t cost anythng?
Well, there’s good news for you. Return of premium term insurance does exactly that. You can take out a guaranteed level premium 15, 20 or 30 year term and if you are still around and kicking at the end, you can receive back all of the premiums you paid in over all of those years. With some policies, cancelling before the end of the term can still result in a partial refund.
The premium is higher than straight term insurance, but it is an answer to the age old term insurance question, “What happens if I outlive the term.” Now there are two options. You can receive a cash refund or you can use that cash to convert to a paid up universal life policy.
It’s not a product for everyone, but it can be an answer, a very good answer in many personal and business life insurance situations.
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- Get a refund on unused life insurance!
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- Does Cash Value Life Insurance Really Make Sense?
Entry Filed under: insurance quotes, life insurance, term insurance
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