When the term is up on term life insurance, what happens to the money you paid? Do you get it back?

If you own a term life insurance policy and you outlive the term of the term life plan, your life insurance coverage expires, unless you have renewable term life insurance, in which case your policy renews for another term.

If your term life insurance policy is not renewable, and you outlive the term, you do not get any money back.

However, if you own a return premium term life insurance, which costs more than regular term life insurance, you will get some money back if you outlive the term of your term life policy.

Return premium term life insurance returns most of the premiums paid back to you if you are alive after the term life insurance policy expires.

Here's how you can learn more about return premium term life insurance, how it works, and compare free quotes for return premium term life coverage.