What are the advantages & disadvantages of Return od Premium Term Life?

Question

What are the advantages & disadvantages of Return od Premium Term Life?

Answer 1

Go to Yahoo Finance, click on "Personal Finance" and read the section on life insurance.

Answer 2

If you plan on living longer than your term than choose the return of premium option.  Otherwise, just get a normal term policy.  

You may also want to consider a whole life or universal life.  Just make sure you're dealing with an honest agent.  Most life insurance agents are fly-by-night agent that work for companies that are the same way.  If something happens to you how easy is it going to be for your family to make a claim and receive the benefit.  

You might want to check with your auto insurance agent or your home insurance agent.  Also avoid banks and other middle men, as they only cost you more money.  Companies like State Farm, American family and others are very reputible companies.

Answer 3

Advantage: if you are alive you get your money back at the end of the term. If you die your beneficiary gets the death benefit.

Disadvantage: Much higher cost per $1,000 of coverage