Life Insurance with Money Back?

Is there life insurance that will give me back the premiums I pay?

Yes, it's called "money back" or "cash back" life insurance, also known as return of premium life insurance.

This type of life insurance charges you higher premiums upfront for your policy, but if you are alive when your coverage expires, the insurance carrier pays back to you all of the premiums you paid for your life insurance.

However, regular term life insurance charges much lower premiums and does not return your money if you outlive your term.

In a way, it's like a forced savings plan, where you get term insurance for a specific period of time (10, 15, 30 or 30 years), and if you survive that long, you also get your premiums back.

Learn more about life insurance with money back.