Term Life Insurance Do You Get Money Back?

If you are shopping for a term life insurance policy, you may be wondering if you get any money back should you outlive the duration of your coverage.

It's a good question and something you should find out about before you buy a policy.

Traditional term life insurance is much cheaper than permanent life insurance, because many people do outlive their coverage.

However, if you are alive when your term policy expires, there is no payout of benefits and no premium return.

You don't get any money back, unless you purchased a Return of Premium term life policy, which charges higher premiums than traditional term insurance.

Learn more about getting money back on term life insurance policies.