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10 Year Term Insurance With Return of Premium10 Year Term Return of Premium

Are you considering a 10 year term policy with return of premium? That's a smart idea because statistics show that there is a 99% chance that you'll outlive a ten year term policy.

Getting your premium returned back after 10 years is an option that you can add on to your term policy. This is also known as a rider. Your premium will be higher to pay for this rider, but e think that the extra premium that you'll pay for a return of premium rider is a good investment.

Here's an example to illustrate why:

Let's say you purchase a $500,000 10 Year Level Term Policy with a return of premium rider. We'll assume it will cost $83.00 per month. At the end of 10 years, if you are still living (remember there's a 99% chance that you will), then the life insurance company will send you a check for $9,960, and it’s tax free.

Essentially you will have gotten your life insurance coverage for free, and you'll have a chunk of money that you can use to buy another life insurance policy, if that's what you choose to do. Many people will use that money to buy a fully paid up policy and then they'll never have to worry about another life insurance premium for as long as they live.

Get A Quote and Compare for Yourself

If you are thinking of adding a return of premium rider to your term life insurance policy but you aren't sure about the extra cost, then the best thing to do is a rate comparison. Get a free quote for term life insurance and then you can compare that with the rates of adding the return of premium feature. Every company has different rates for adding this so it is best to shop around to get the most competitive quote from a reliable company. Get started now with a free rate comparison from multiple carriers.