When you pay for disability insurance for 5 years and cancele it without ever using it, do you get a refund?

Question

When you pay for disability insurance for 5 years and cancele it without ever using it, do you get a refund?

Answer 1

Not unless you paid extra for a return of premium rider.

Answer 2

You do not get a refund of the premiums that you paid for the time period prior to canceling.  If you prepaid premiums for a longer period of time, you might get a refund of the premiums that you paid for the time after canceling.

Answer 3

No you wont get a refund, had you indeed become disabled in the time you were covered you would have used the insurance. The premium you pay covers you for the set period, its insurance, its there in case something happens.