Missouri Life Insurance Quotes

Missouri term life insurance allows you to get the largest amount of life insurance for the least amount of premium dollars.  This does make the insurance affordable however it does not provide an investment function.  For a regular term policy, once you outlive the term, you do not receive a refund for the amount of premiums you’ve paid.  To offer the consumer a choice, insurance companies have created the return of premium rider which can be added as an attachment to your base life insurance policy.  This rider allows that if you outlive the term of your policy and did not let it lapse, a return of all or a portion of the premiums you have paid.  If you believe that you are likely to outlive the term of your policy then the return of premium rider may be a good choice for you as the life insurance policy will provide the death benefit if you do pass away and if you outlive the term, your premiums or a portion of them will be returned.  A disadvantage to this rider is the cost which may be from 25% to 50% more than the basic Missouri term life insurance policy. As well, you must hold onto the policy for the entire term and not allow the policy to lapse.  The return of premium rider may also only return the base premium and not the extra cost of the rider.  Also note that if you do pass away, your beneficiaries will be paid the face amount of your policy, the same as a basic life insurance policy, even though you’ve been paying higher premiums for the rider.  As this rider is not intended as an investment, more of a safety net for your insurance, you might want to consider Missouri whole life insurance to include an investment portion.  If you decide that Missouri term life insurance with a return of premium rider is right for you, request quotes from a variety of insurance companies to find the best price.