Coverage Option

Return of Premium Term

Term protection with a built-in option to get premiums back at the end of the term.

Return of premium term works like traditional term life insurance, with one difference: if the policy is still in force at the end of the term and no claim has been paid, the policy may return the premiums paid, subject to the policy's terms and conditions. Justin has access to exclusive return of premium term options through the carriers he represents.

Who it often fits

  • People who want term coverage but dislike the idea of paying for something they may not use
  • Households with room in the budget for a higher premium
  • Clients who want a disciplined, structured plan over a fixed number of years

How it works

  1. 1You select a coverage amount and term length.
  2. 2Premiums are higher than standard term because of the return feature.
  3. 3If the policy stays in force through the full term, the premium return provision applies as written in the contract.

Things to keep in mind

  • Premiums are higher than comparable standard term coverage.
  • Lapsing or surrendering early can significantly reduce or eliminate any return.
  • Return of premium provisions vary by carrier and are governed entirely by the policy contract.

There is no pressure here, and no obligation. But it is worth knowing that in life insurance, age and health matter: rates are based on how old you are and how you are doing today. Reviewing your options while you are feeling well generally keeps more choices open to you.

See What Return of Premium Term Could Look Like for You

A few short questions, including a brief health questionnaire, so Justin knows which carriers to look at first.

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