Return of the Return of Premium (or How to Get Your Money Back If You Don't Die)

Every once in a while I'll be talking with a client about life insurance and the client will say something to the effect of "If I don't die, do I get my money back?"  Typically, I respond with "If you don't get in an automobile accident, do you ask your car insurance company for a refund?"  Most of the time, I get a funny look.

Now I can give a different response.

One of our favorite insurance carriers has brought back the "Return of Premium" rider for their life insurance policies and it works like this:  If you outlive your policy, you can have your money back.  Pretty simple. 

In the name of full disclosure, this rider can nearly double the premium.  But some folks will still want it and those who do consider it to be a savings plan.

These policies can be written as 20 or 30 year terms for up to $250,000.

What would you do with all that money?  Pay off business loans?  Annuitize it for an income stream?  It's your choice! 

What Do You Think Life Insurance Costs?

According to a recent survey by LIMRA and Life Happens, cost is the reason most Americans give for not owning life insurance.  However, 80% of Americans misjudge what the premiums are.  In fact, millennials overestimate the cost by 213% and Gen X'ers by 119%!

Think to yourself "How much is in my budget to make sure my loved ones are taken care of?"  How much are you willing to spend to secure your family's finances?  $20 a month?  $50?  $100?

This is where we make it easy for you.  Simply go to our website at SurfFinancialBrokers.com and find a policy that fits in your budget.  Our quick and easy quoting system will show you policies with all of the major carriers.  There's a good chance you will find a great policy in your price range.  Simply click on "Request Application", answer a few questions and one of our representatives will contact you within one business day.

At Surf Financial Brokers, it's No Pressure Insurance!