Do you get money back on Term Life Insurance?
No, term life insurance does not accumulate a cash value like other permanent life insurance policies. If the term life insurance expires, the life cover benefit ends. But term insurance with return of premium variant you may receive money back which is equal to the total premium amount you paid for the term cover. A Term plan with a return of premium is specifically designed for customers who want to provide financial security to their loved ones along with the benefit of returns. ..Read More