Variable Life Product Directed Monthly Deduction MassMutual Form

Instructions and help about Variable Life Product Directed Monthly Deduction MassMutual

before you buy a life insurance policy here's a cheat code you may not have known there are policies out there where if you do not die within a set period of time the insurance company will give you back all of the money that you've paid over the course of years and this is called return of premium now this can only be done using a term life insurance policy let's break down very quickly what term life insurance is it's like renting an apartment if you rent an apartment with a 12 month lease if at the end of 12 months you no longer want that lease you have to move out or you have to renew your lease term life insurance is like renting an insurance policy but here's the difference if you get a 30-year term life insurance policy meaning i'm 28 years old i get a 30-year that takes me out to 58 years old at the end of that 30 years if i've paid say 20 000 to the insurance company instead of that money being gone