return of premium
Return of Premium is a kind of term life insurance available in Colorado. If the term on your life insurance policy expires, you get all of your premiums back.
Regular Term Life Or Return Of Premium?
Determining whether return of premium life insurance is a good choice depends a lot on your own habits, goals, and tolerance for risk. Let’s consider a hypothetical situation of a 35 year old female who is looking for a $1 million, 30 year term policy. Let’s say she can purchase a traditional term policy for $650/year, or a return of premium policy for $1175/year.
