Imagine receiving all your money-back on your Life Insurance policy. Your beneficiary receives a death benefit if you were to die. If you live for the term of the policy, the insurance company returns all of your premiums!...It's called Return of Premium Life Insurance and it handles the biggest objections people have when buying term life insurance.
Return of Premium Llife Insurance gives you all the benefits of a tradional term life insurance policy, plus the additional benefit of having your cumulative premiums paid back to you at the end of the policy period. Return of Premium Life Insurance can also be called Cash Back Life Insurance or Money Back Life Insurance. All of these products literally mean the same thing, all the premiums paid are returned to you at the end of the policy period. These are usually popular with business insurance prospects. Many businesses don't mind by more upfront, if they know they will be getting in their money back in the event that the employee leaves or out lives the policy.
Return of Premium Life Insurance can give you the best of both worlds - all the protection that you require from a term life policy, followed by a full refund of premiums. All this protection, and a price that is very affordable.