We were recently looking at the various term life insurance options that are offered and came across one that I was not familiar with called Return of Premium Life Insurance. In basic terms you pay premiums for the specified term lets say 10 years, then at the end of that 10 years all of your premiums are repaid back to you. It sounds interesting but you must consider a few points. First, it will be more expensive than a normal term life or whole life policy. The second point is that you are not earning interest on your money while you are paying into the premium so you want to consider what you could have done with that money had you invested in a moderate yielding investment.
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