• Zero Cost Term Insurance Is the Premium Refund Worth It

Zero Cost Term Insurance: Is It Worth It?

By |2024-12-04T06:56:18+05:30December 4, 2024|

Zero Cost Term Insurance plans allow policyholders to exit early and receive a refund of premiums paid, minus taxes. However, this option comes with certain conditions, including predefined exit windows and exclusions on refunds for riders or taxes. These plans can be appealing but may not truly be "zero cost" due to the lack of interest or inflation adjustments on the refunded amount. Before choosing such a plan, it is crucial to understand its terms and assess if it fits your financial needs.

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