Exam term
Return of premium term
Level term with a higher premium that refunds the premiums paid if the insured survives the term. It is still term: no loanable cash value builds, and the refund is usually lost or reduced if it lapses early.
Exam term
Level term with a higher premium that refunds the premiums paid if the insured survives the term. It is still term: no loanable cash value builds, and the refund is usually lost or reduced if it lapses early.