Return of Premium (Term Policy) policy against a normal Term Policy (pay, live)

[Insagency]

Would you prefer a Return of Premium (Term Policy) policy against a normal Term Policy.

I wanted to know the general opinion.

Thanks.

[sonarrat]

If you have a plan for saving for retirement - and anyone should - then when you get your premium returned, it won't make much of a difference in your situation then. If you don't live long enough to see that point, then it means you overpaid every year for your insurance. Standard term life is the most sensible answer.

[Rose Red]

Yes - go with a term insurance only.

A return of premium policy is just another name for whole life policy and whole life policys are a rip off. You over pay on a whole life policy period.

Get a quote on a term insurance policy and then look at the quote for the whole life policy (a.k.a. return of premium policy) and see what a huge difference the premium is based on the coverage.

I can almost guarantee the term insurance will give you more coverage for less money than the whole life policy.

[Elke Mariotti]

Now that they have 30yr term policies (at least in NY) there are fewer reasons to get anything but... JMHO