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Do all contracts offer Refund of Premium?

April 26, 2017contracts Offer Premium refund

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Do all contracts offer Refund of Premium?

1 Answer

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Most Insurance Companies offer refund of premium option with Critical Illness coverage. This rider is commonly found in either renewable plans to age 75 as well as Level Coverage to age 75 and 100. Some refund premiums to 100% of premium, while others only 75% of premium. Renewable coverage must include return of premium rider specifically on the policy in order to offer refund of premiums.