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keithbvadu2

(40,915 posts)

7. Some policies give back all the premiums if you live beyond the end of the policy.

Reply to XanaDUer2 (Original post)

Sat May 11, 2024, 12:11 PM

May 2024

How can they be so generous?

They purposely overcharge for the policy and get the use of your money for the 10 or 20 years.

If you die within the time, they make money.

If you don't die, you get only the premiums back but they still made money from investing it.

https://www.aflac.com/resources/life-insurance/return-of-premium-life-insurance.aspx

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9 replies

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Highlight:

Colonial Penn 'whole' life [View all] XanaDUer2 May 2024 OP

If you don't smoke Northwestern provided the best whole life return underpants May 2024 #1

They both pay out at death Abnredleg May 2024 #2

The sneaky part is the whole "$9.95" cost line... Wounded Bear May 2024 #3

Yeah XanaDUer2 May 2024 #6

"No medical exam required" is BS Freddie May 2024 #4

That was suspicious XanaDUer2 May 2024 #5

Some policies give back all the premiums if you live beyond the end of the policy. keithbvadu2 May 2024 #7

Thank you XanaDUer2 May 2024 #8

Whenever I see tv commercials advertising investments and insurance on Tv I will not do business with kimbutgar May 2024 #9