Win-Win Life Insurance
How It Works
How “Return of Premium” Life Insurance Works
The Protection You Need
The first step is to select how much financial protection your family needs ($25,000 to $10,000,000) and how long you want this to be in place (10, 20, or 30 years).
Paying For Protection
You pay monthly premiums. The insurance company guarantees a lump-sum cash payout to your beneficiary if you pass.
Never Needed it? Get Your Money Back
If you’re still living at the end of your policy, you’ll get a full refund of all premiums paid, tax-free.
Who's Selling
Three of the Most-Trusted Names In Life Insurance
A+
1909
AM Best Rating
Founded
A
1946
AM Best Rating
Founded
A-
1890
AM Best Rating
Founded
Frequently Asked Questions
What is return of premium life insurance?
Return of premium life insurance is a type of life insurance policy that provides a refund of the premiums paid if the policyholder outlives the term of the policy. It is a type of term life insurance, which means it provides coverage for a set period of time, such as 10, 20, or 30 years.
With a return of premium policy, the premiums paid by the policyholder are higher than those for a traditional term life insurance policy because a portion of the premium goes into a savings account that is used to provide the premium refund. If the policyholder outlives the term of the policy, the insurance company will refund all of the premiums paid over the course of the policy.
Return of premium life insurance is designed to offer the protection of life insurance while also providing the potential for a refund if the policyholder does not die during the policy term. It can be a good option for people who want the peace of mind of having life insurance coverage, but who also want the potential to get their premiums back if they outlive the policy.
Who usually buys these policies?
The typical buyers of return of premium life insurance policies are people who want the protection of life insurance coverage but also want the potential to get their premiums back if they outlive the policy. Here are some groups of people who may be interested in return of premium life insurance:
- Young families: Parents of young children may want the peace of mind of having life insurance coverage to provide for their children in case of the unexpected, but they may also want the potential to get their premiums back if they outlive the policy.
- Individuals nearing retirement: People who are nearing retirement age may be interested in return of premium life insurance as a way to provide life insurance coverage for a set period of time, while also having the potential to get their premiums back in retirement.
- Risk-averse individuals: People who are risk-averse may be drawn to return of premium life insurance because it provides both the protection of life insurance and a potential refund of premiums paid.
- People with financial obligations: Individuals with significant financial obligations, such as a mortgage or other debt, may be interested in return of premium life insurance as a way to provide for their loved ones in the event of their death, while also having the potential to get their premiums back if they outlive the policy.
