Do I get my money-back from my term life insurance policy if I outlive the duration of the policy term?
If you have a regular term life insurance policy and are alive when the term ends, you would get no money-back.
However, if you purchased a return of premium term life insurance policy, you would get back most of the premiums you paid, if you outlive the duration of your life insurance policy.
Keep in mind, a return premium term policy charges higher premiums for the life insurance coverage, but if you outlive the policy term, you'll get back almost all of the premiums you paid.
Learn more about money back term life insurance policies.
If you have a regular term life insurance policy and are alive when the term ends, you would get no money-back.
However, if you purchased a return of premium term life insurance policy, you would get back most of the premiums you paid, if you outlive the duration of your life insurance policy.
Keep in mind, a return premium term policy charges higher premiums for the life insurance coverage, but if you outlive the policy term, you'll get back almost all of the premiums you paid.
Learn more about money back term life insurance policies.
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