Talk:Return of premium life insurance

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Advert tag

I removed the {{advert}} tag from this article — while I can't say that I've heard of this type of insurance myself, I'm also no expert, and I don't see how it reads like an advertisement at all. Tijuana Brass^¡Épa! 23:21, 5 July 2006 (UTC)[reply]

One of the reasons a return of premium policy might be used is when couples divorce, sometimes the divorce decree requires each spouse to purchase life insurance on the other spouse. Or the spouse that is paying for alimony or child support must buy life insurance on themselves for a period for a period of time. If that spouse were to die, then the insurance policy would in essence pay the "remaining" alimony or child support.

However, if the spouse that is paying for the policy lives past the term of the insurance, then the premiums paid for the traditional term policy would be considered spent money for the "risk" that never occurred. By using a return of premium term life insurance policy, if this spouse lived past the term of the insurance, then the insurance company would return 100% of all premiums paid. This money is TAX-FREE. In this way it is not used as an investment, but rather a way to receive back the money that was spent on something that was required by the divorce decree but never used.

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Qwerfjkl (bot) (talk) 17:01, 13 August 2023 (UTC) Shawn ClarkWilt — Preceding unsigned comment added by 63.153.212.54 (talk) 18:08, 6 February 2013 (UTC)[reply]