Life Insurance That Returns Premium
Premiums paid on a traditional insurance of any kind are not expected to be returned if no claim is filed within the policy period, including the still-popular, original term life insurance that was created just as a typical insurance and would pay a death benefit only upon the filing of a death claim during the term. But some other life insurance products developed over the years have become very innovative that they can, at the request of policy holders, return part of the premiums in a form known as cash surrender value.
