Return-of-Premium Term Life Insurance
Learn how a return-of-premium feature differs from traditional term life insurance and cash value.
Speak directly with William Noel, Licensed Oklahoma Insurance Agent.
Available plan features may include
- Term life insurance for mortgage-protection planning
- Living Benefits for qualifying terminal, chronic, and critical illness
- No traditional medical exam
- Return-of-premium options on qualifying plans
No medical exam does not mean guaranteed acceptance. Eligibility and approval are subject to insurer underwriting. Benefits, riders, limitations, exclusions, premiums, and return-of-premium features vary by insurer and policy.
How return-of-premium term works
Some term policies include a contractual feature that may return qualifying premiums when specified requirements are satisfied.
How it differs from ordinary term
Ordinary term life insurance generally does not return premiums simply because the insured outlives the term.
How it differs from cash value
Return of premium is not the same as cash-value accumulation in permanent life insurance.
Speak directly with a licensed Oklahoma insurance agent
William Noel
Call (866) 277-3900