It's called Return of Premium term life insurance which pays you back your premiums if you outlive the duration of your life insurance policy.

Usually, return of premium plans are offered for 20 or 30-years terms, but you may be able to choose from coverage lasting for a period of 10 to 30 years.

These plans have higher premiums upfront compared to regular term life insurance policies.

Learn more about life insurance that pays you back your premiums.

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If you are considering the purchase of a life insurance policy you may be wondering what type if best.

Actually, it depends on your personal situation and why you need life insurance.

Ask yourself this question: What goal do I want my life insurance plan to accomplish and how long will I need the life insurance to last in order to accomplish that goal?

Basically, if you need life insurance to last for a period of 30 years to less, then term life insurance is a good option.

However, if you need li...

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Life insurance is a type of financial protection that pays out a death benefit upon the death of the insured person, subject to the terms, conditions and exclusions stated in the insurance contract.

Life insurance pays out a death benefit if the insured person dies from a covered cause of death, including natural causes, illness or accidental death.

Yes, life insurance pays if the insured dies from natural causes.

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No, you cannot cash out a term life insurance policy.

Term life is pure protection, providing a death benefit payout upon the death of the insured person.

There is no cash value or investment feature to a term life policy.

Learn more about "Can I cash out a term life insurance policy?"

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Yes. There are guaranteed issue life insurance plans available for people between the ages of 45 to 85 years old.

Guaranteed issue means you cannot be turned down for coverage if you meet the age requirements.

So, even if you have health problems or have been denied life insurance from other insurers, you can still get insured.

But, these plans usually come with graded (limited) benefits the first 2 years you are insured.

Learn more about getting life insurance on someone who is dying.

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If you are the beneficiary of a life insurance policy, you may use the proceeds (death benefit) from the life insurance in any way you choose.

You could spend the money on paying for the burial of the insured person. Or, save the money.

Many people use the death benefit to replace the income of the insured.

But it's really up to you as beneficiary to choose how you wish to use the money you receive from the payout on a life insurance policy.

Learn more about what life insurance pays for.

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Life insurance with AD&D is life insurance that provides a death benefit payout for accidental death; as well as, natural causes and illness.

Traditional life insurance policies include coverage for accidental death.

However, you can have an individual insurance policy that covers only death resulting from an accident, which would be an accidental death insurance policy.

In addition, you may add coverage for double indemnity which pays out twice the death benefit if the insured dies from a cover...

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When it comes to buying life insurance, there are many reasons people choose to get insured.

Depending on the situation and where you are in life, you may have a need for life insurance protection.

Some of the more common reasons people buy life insurance include:

1. Getting Married
   
2. Buying a Home
   
3. Starting a Family
   
4. To Pay for Final Expenses
   
5. To Replace Income
   

There are many different reasons to buy life insurance, but if you have anyone who relies on you for any means of financial support, you may want to...

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