Believe it or not there is a way to get 100% of your life insurance premiums refunded to you all Tax-Free. Free life insurance? Sort of.The product is called Return of Premium Term. This innovative solution is offered by some of the biggest and best insurers in the business. “It’s aimed right at one of the greatest consumer objections to traditional life insuranceI’m not going to die, so my money will have been wasted,” said Arthur Haroutiounian, president of Valley Life Group and www.realinsure.com a Fresno, California based independent agency which specializes in the Return of Premium Term.

Term and Permanent or Whole Life Insurance. “Term policies are easily understood and inexpensive. You buy insurance for a fixed number of years, but get nothing if you outlive the policy,” Haroutiounian said.

Whole Life Insurance includes pure insurance coverage, guaranteed renewable for your whole life, along with an investment component to build cash value. “While an unused traditional term policy can feel like a waste of money, a Whole Life policy can often cost three or four times as much for the same coverage,” adds Haroutiounian.”Unlike traditional Term Life Insurance, that holds no cash value and expires worthless after your term runs out, the Return of Premium Term policy refunds 100% of your premiums at term-end.

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