Life Insurance Question Florida FL
Reader’s Question:
Hi I’m from Florida. I’m planning to get a life insurance. My friend mentioned to get return of premium. What does this have to offer?
Bryan
Tampa, FL
The return of premium offers death benefit protection and return of premium. The insurance company will return the entire insurance premium you paid when the period ends provided that keep the policy for the term period. You will receive the premium back no matter how long the period is.
If you want to cancel the policy, you will still receive some premium. The longer the period of keeping the policy, the higher the return, which is according to the sum of the cumulative premium that was paid during the period. Furthermore, this type of life insurance is tax free so have all
your money back without giving some away to the government.
If you want to consider this option, you can contact your agent in California to find out more about this.
Tags: life insurance