Is Return of Premium Life Insurance A Good Buy? Return of premium life insurance coverage lasts for a certain number of years. If the insured lives through the term of coverage (doesn't get a death benefit), all the premiums are refunded. Your only loss is the interest you might have made on that money while it was in the insurance company's possession.
Wednesday, April 21, 2010
Is Return of Premium Life Insurance A Good Buy? - a knol by Mark Manderson
Is Return of Premium Life Insurance A Good Buy? Return of premium life insurance coverage lasts for a certain number of years. If the insured lives through the term of coverage (doesn't get a death benefit), all the premiums are refunded. Your only loss is the interest you might have made on that money while it was in the insurance company's possession.
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