;

Return of premium rider

Life insurance terminology shouldn't be confusing. Here is the definition of return of premium rider.

Return of premium rider

A policy add-on that returns the premiums paid if the insured outlives the term of the policy.

For example: If a 10-year term life policy is purchased for $50 per month, and the insured outlives that time period, with this rider, the policyholder would have up to $6000 in premium returned. The cost of this add-on is not returned to the policyholder.

pgLogoBlack

50 West 23rd Street, Floor 9

New York, NY 10010

24/7 - Available when you need us

Monday-Thursday | 9am-11pm ET
Friday | 9am-8pm ET
Saturday | 9am-9pm ET
Sunday | 10am-9pm ET

  • facebook
  • twitter
  • linkedin
  • googlePlus
  • pinterest

Copyright PolicyGenius © 2014-2018

22 West 19th St, Floor 8
New York, NY 10011

madeInNynorton