Term Life Insurance with Return of Premium

What is term life insurance with return of premium?

It's a type of life insurance policy that provides life insurance protection for a specific period of time, usually from 1 to 30 years.

Most term life policies offer coverage for a term of 10, 15, 20 or 30 years.

The premium of the policy is the price you pay for your life insurance. With level term life insurance you pay the same premium each year for the entire length of the term of your policy.

However, if you want to get your money back if you are alive when the term ends, you'll need a return premium term life insurance plan. The premiums are higher for this type of policy, but it's the only term life insurance plan you can buy that will pay you back your premiums (most of them) if you outlive the term of your policy.