This rule applies to all Regular/Standard Term life insurance plans.
However, there is one type of term life insurance policy that does Return your Premiums.
It’s called Return of Premium Term Life Insurance.
With Return of premium term life policies, you pay your premiums for your life insurance for the duration of your policy.
You can usually choose term coverage lasting for a duration of 10, 15, 20, 25 or 30 years.
If you outlive the policy term, the insurance company returns all the premiums you paid, less any fees or expenses.
Basically, you get back almost all of the premiums you paid for your coverage.
However, premiums are much higher for this type of policy, compared to regular term life insurance with no return of premiums.
Learn more about cash back life insurance coverage.