Life insurance that pays out?

Are there any types of life insurance that pays out even if you do not die? I am 28 yrs infirm...and say I buy a 20 year life insurance policy, if at the lapse of the 20 years....when I am 48....can I collect what the policy is worth? Is there even such a thing?

Pls push for.
THere are some Life insurance policies that retribution out if you are still alive when you are 100 but I think it might be best if you start putting your money in an annuity. The best annuities that I hold found are equity index where a small part of the money is put surrounded by stock and the other part collects an interest as high as 7 percent. I am not a follower of putting ALL of your money into stock knowing the risk involved but with an Equity indexed annuity- you never loose. Alot of other variable annuities can enjoy a rider saying that you can never make smaller number than a certain percentage per year...but then take-home pay for that rider. I hope this is help
HI, your friendly insurance guy here again!

There are basically two ways you can get a go insurance policy to pay out equal to the death benefit when you own not died.

1. Buy a Whole Life policy configured to endow (reach maturity) at an early chronological age. this will cost a lot of money and is roughly not a cost-effective thing to do.

2. If you're diagnosed with a terminal condition and you own a policy with an Accelerated Benefit Rider you can collect the full face plus while still alive. Usually this means youhave to show evidence you're not supposed to live more than 1 year.

There is also the "Return of Premium" rider available on some Term policies. This will not let you receive the full frontage value of the insurance while still living. It will give you vertebrae most of the premium you paid during the policy term if you survive that long.

If you hold questions, please feel free to write. Source(s): I'm a licensed insurance and investment rep.
just buy a whole energy policy and not worry about it. There have to be some reason you think you inevitability life insurance. If you're that concerned about the couple hundred you'd spend respectively year on premiums, you should be doing better things with your money than wasting on insurance you won't even use.

(note the heavy amount of sarcasm)
With regards to Dandouna's recommendation of equity indexed annuities. While it may appear trivial, from an industry compliance standpoint it is important to point out that nothing deposited into an indexed annuity is ever put into stocks or any warranty. An EIA is a fixed annuity which pays interest based on a securities index. The important point is that one have the potential to earn market-based gains while having no risk to one's principal. From a risk-reward perspective, they cannot be trounced. Source(s): Financial planner, retirement analyst.
Yes, my policy pays out a brass value at the end of it's occupancy. You may want to try getting a quote online. I am paying less than 1/2 of what I was until that time.

Go to:…

Take care,
myapt, lots of guess here so lets look at some real numbers. at your age and assuming you are within typical health, i ran a 100K policy beside an A++ rated company.

whole natural life:
monthly premium - $72 per month
cumulative premium for 20 yrs - $17,300
cash value (if you want your money back) - $24,323

occupancy (20 year):
monthly premium - $10 per month
cumulative premium - $2420
cash value - doh! none silly.

so, for possession you PAID $2420 for the coverage and now it is gone ... you get zilch back. for the whole time you PAID $0 because you got back $7023 more than you compensated in. this is 40% MORE than you paid!

residence ROP is a rip off. it is a marketing scheme designed by adjectives the companies that 15 years ago convinced everyone to buy term in the first place. permanent status ROP is the middle choice for insurance like variable global life is. neither one are very appropriate at "insurance".

finally, equity indexed life and annuities are a rip off (generally speaking). they own a cap on what you can earn from the market! if the sou`wester is 14% and the market does 20% - you miss out on the extra 6%. hmmmmm, not so fair sounding in a minute is it? IN ADDITION ... you generally dont get dividends compensated in EI products! so, if you get another 2% of payout base on dividends, the company keeps these too! unbelievable! my prediction is when this become common knowledge, expect to see some crucial fines from regulators onto those offering and (shame on you) selling them.

((for common knowledge: read your contract or policy ... it say this IN there!)) Source(s): where i am coming from: i am a professional surrounded by the field with expertise surrounded by planning for both individuals and micro (under 100 employee) businesses. i do not sell any products (insurance or investment), i only school and provide advice.
Term enthusiasm is cheaper to pay into, and it pays out only if you die.

Whole Life you can lolly out, borrow from, and otherwise get your hand vertebrae onto your money if you don't die. It's much more expensive to do.
Yes,It is called permanent Ins. You can own what it has accumulated.
ill-fatedly, life insurance only pays upon disappearance. The only thing you could do is obtain a term policy with ROP (return of premium rider). That will foot you back all your preimums (not release benefit) that you paid into it at the end of the permanent status, if you outlive it.
Sure, there's a product out there that does that . . . it's just not a remarkably good investment, unless there's some different goal you want to do that you haven't mentioned.

The CHEAPEST insurance is term life. A 20 year occupancy policy might cost you, oh, $125 a year for $100,000. If you want something fancy where you get adjectives the money back that you paid surrounded by, the only thing I'm thinking that will do to be precise a fully paid policy - you pay them $15,000 right presently, up front - they invest it for the next 20 years. If you're still alive, they pay you your $15,000 wager on - but keep all the money your money have made for them - probably close to that $100,000.

You could buy a whole life policy that would build bread value - for maybe $1500 a year, and by the time it's 20 years antiquated (and you've paid in $30,000) you've probably built up a "brass value" of $10,000 or some such, so you could get THAT much back.

But if you want to put within $1500 a year, you're best off just buying into a mutual fund. Source(s): agent, 21+ years
I'm not sure what kind of life policy you get, but it seems to be a 20 year term policy. At the train of the 20 years, you do not collect the face amount. Your term may basically stop coverage at the end of 20 years or automatically renew every year or 5 years to a premium base on the latest age. For example, lets say you take-home pay $300/year on a 20 year term. In 20 years, it renews, and you pay $1100/year. If it does renew, you remain covered until age 100 or until you stop paying your premiums.

If you enjoy a 20-Pay whole life, this is where on earth you stop paying for whole life within 20 years, but you still remain covered for the rest of your life. This payment choice will be higher if you were to settle the normal premium for the rest of your life. At the wrapping up of 20 years, there is couple of things you can do with the brass value. You can borrow it to remain covered. Of course, you will lower the face amount of the policy if you borrow the bread value. You may surrender the policy and pay surrender charges and conceivably even income tax on the cash plus. Or you can just leave it alone.

Hope this help. Source(s):
The short answer is absolutely. It is call ROP Term, which means Return Of Premium. Let's say you enjoy a 20 year ROP policy and the death benefit is $500,000. Let's also assume the premium is $500 per year. If you die in year 1 or year 19, your beneficiary would receive $500,000. If you are still alive at the termination of the term, you would receive your $10,000 back from the Insurance Company.
Assuming you're asking about a 20 year residence life insurance policy that pays out, yes, there is a policy. It's call Return of Premium Term Life Insurance.

Return of premium term insurance (ROP) is a relatively new type of coverage that roughly combines low, term-like, premiums with a guaranteed refund of the premiums rewarded during the level term length, assuming the insured is still living at the end of the level residence. These ROP plans are available in 15, 20, or 30-year term version. Consumer interest in these plans has continued to grow respectively year, as they are often significantly less expensive than irredeemable types of insurance, yet, like plentiful permanent plans, they still may offer brass surrender values if the insured doesn’t die. Source(s):

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