View Single Post
  #9 (permalink)  
Old 10-27-2009, 08:54 PM
disneysteve's Avatar
disneysteve disneysteve is offline
$ Saving Guru
 
Join Date: Jun 2006
Location: New Jersey
Posts: 15,582
Points: 95641.30
Donate
Default

Quote:
Originally Posted by glock35ipsc View Post
I forgot, there are "return of premium" term policies available that will return your premiums if you survive the term, but they are more expensive than basic term. And basic term is still the best deal.
Statistically, most people don't keep their term policy for the full term for one reason or another. I'm 45 and have changed my policy twice and intend to do it once more sometime soon. That's another reason why the return of premium policies are just another way for the insurers to make money on something that should be cheap and simple.
__________________
Steve

* Despite the high cost of living, it remains very popular.
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going.
Reply With Quote