What is life insurance with premium return?

It's a type of life insurance policy that provides term life insurance for a set period of time, usually up to 30 years.

If you outlive the term (duration) of your term life policy, the insurance company returns almost all of the premiums you paid. So, you get most of your money back with this type of life insurance plan if you are alive when the term life policy expires.

However, return premium life insurance costs more than regular term life insuranc...
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