Subject: Re: Re: return of premium term

Comments:
: : How does the return of premium term work? What are the advantages and disadvantages of this insurance. Are there any kind of conditions that have to be met in order to get all my money back? : The return of premium works just as the name implies. If you keep the policy the full length of the term your premiums are refunded to you. If you do not keep the policy the full length of the term the amount you receive is less. For instance you buy a 20 year term policy and you lapse after 10 years you will only receive a portion of the premiums you paid, 50% for example. In the early years there is no refund of the premiums you paid. The company charges a substantial amount for the rider and they're betting you don't keep the policy until the end of the term. : It's a good deal, if you intend to keep the policy.

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